The principal mechanism for directly changing the reserves of the banking system is:
A. The discount rate.
B. The reserve requirement.
C. Open-market operations.
D. The federal funds rate.
C. Open-market operations.
Economics
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Efficiency in risk bearing implies that
A) risk is completely eliminated. B) the least risk-averse party bears most of the risk. C) the most risk-averse party bears most of the risk. D) all of the risk is borne by just one of the parties regardless of the degree of risk aversion.
Economics
During the 1920s, income inequality ______ and the return on schooling was relatively _____
a. increased; low b. increased; high c. decreased; low d. decreased; high
Economics
Vertical equity is not consistent with a regressive tax structure
a. True b. False Indicate whether the statement is true or false
Economics