What is the percentage of income received by the upper quintiles on line L?
65
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When a bank receives a check drawn on an account from another commercial bank, the bank gains
A) capital equal to the amount of the check. B) capital equal to the required reserve ratio times the amount of the check. C) reserves equal to the amount of the check. D) reserves equal to the required reserve ratio times the amount of the check.
Market-based regulations tend to work best with pollutants that
a. Are non-uniformly mixed and local in effect b. Have threshold effects c. Are uniformly mixed and regional in effect d. Cause non-point source pollution e. Have non-linear and local effects
Why are net transfers referred to as “unilateral” net transfers?
a. The transfers have no effect on the current account balance. b. They are one-sided in that no monetary payment is expected in return. c. The transfers go to only one foreign country each year. d. They are one-sided in that money only flows out of the United States.
The three branches of the Federal Reserve System include each of the following, except:
A. the Federal Open Market Committee. B. the twelve regional Federal Reserve Banks. C. the Board of Governors. D. the Federal Deposit Insurance Corporation.