Members of the Federal Reserve Board of Governors are
A. appointed by Congress to staggered 14-year terms.
B. selected by each of the Federal Reserve banks for 4-year terms.
C. selected by the Federal Open Market Committee for 4-year terms.
D. appointed by the president to staggered 14-year terms.
Answer: D
You might also like to view...
Suppose the Chinese government regulates the price of food and forbids firms from setting a higher price. In this case the government is setting a
A) price floor. B) price ceiling. C) quota. D) tax.
A network externality exists
a. in the television industry b. outside the television industry c. whenever an increase in the size of a network increases its value to current and potential members d. whenever an increase in the size of a network increases its average total cost of production e. whenever an increase in the size of a network increases its total cost of production
In deciding to produce more agricultural goods and fewer manufactured goods, a society is addressing the question of
a. where on its production possibilities frontier to operate b. what production methods should be used to produce goods and services c. how will output be allocated among the individuals in the society d. what prices will be charged for goods and services e. the optimal degree of central planning
If firms meet together to decide on prices and outputs there is
a. overt collusion. b. tacit collusion. c. price leadership. d. None of the above are correct.