The New York Federal Reserve Bank
A. president always gets to vote at the FOMC meetings.
B. conducts open market transactions.
C. is one of 12 regional Federal Reserve Banks.
D. All of the above are correct.
Answer: D. All of the above are correct.
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As a result of a decline in interest rates and a rise in household income, the demand curve for housing has shifted to the right, but has retained the same slope. Consequently, the elasticity of demand for housing
A. has declined. B. has increased. C. has remained unchanged. D. cannot be compared.
When interest rates rise in the United States (with the price level fixed), the value of the dollar ________, domestic goods become ________ expensive, and net exports ________
A) falls; less; fall B) falls; more; rise C) rises; more; fall D) rises; less; fall
Suppose a bank has $6,000 in checkable deposits and the required reserve ratio is 0.2 . If the bank wishes to hold no excess reserves, its actual reserves will be: a. $4,000
b. $1,200. c. $3,000. d. less than $1,000. e. $4,800.
A lack of infrastructure can limit a poor nation's economic growth.
Answer the following statement true (T) or false (F)