The Fed is the bankers' bank. What functions of the Fed are involved in this role? What are the other important functions of the Fed?
What will be an ideal response?
The Fed holds reserves of banks, lends to banks when their reserves are low, and provides a system for check collecting and clearing. Other important functions include providing fiduciary currency, acting as the government's fiscal agent, supervising member banks, and regulating the money supply.
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According to the Heckscher-Ohlin model, the source of comparative advantage is a country's
A) factor endowments. B) technology. C) advertising. D) human capital. E) political system.
The ability to make a credible commitment is necessary for the first mover to gain an advantage in a sequential game
Indicate whether the statement is true or false
______________—a term referring to the highly inelastic case of demand or supply in which a percentage change in price, no matter how large, results in zero change in the quantity; vertical when graphed.
a. Infinite elasticity b. Zero inelasticity c. Constant unitary elasticity d. Perfect elasticity
When the U.S. dollar appreciates,
a. U.S. exports rise. b. U.S. imports decline. c. aggregate demand shifts inward. d. aggregate demand shifts outward.