Which of the following appears on the liability side of the Fed's balance sheet?
a. Federal Reserve notes.
b. U.S. government securities.
c. Loans to banks.
d. All of these.
a
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A construction boom occurs and many of the new buildings need plywood for their framing. Which of the figures above best illustrates this change?
A) Figure A B) Figure B C) Figure C D) Figure D E) Figure A or Figure C
Suppose an individual discovers the mouth of a previously unknown cave (expected to contain a single large diamond) on his property that extends under land owned by others. To arrive at an economically efficient outcome with low transaction cost, the law will:
a. award the diamond to the person who locates the diamond first. b. award the diamond and cave to the person whose land it opens into. c. award the diamond to the owner of the land above it. d. award the diamond to each of the owners under whose land the cave passes.
Men and women in a particular industry are equally qualified. If one employer has a preference for male employees, then in the long run
a. men will receive higher wages b. women will receive higher wages c. there will be no wage differential between men and women d. comparable worth laws would create wage differentials between men and women e. the demand for male employees will decrease
The rate of interest is the price at which money is borrowed and loaned
a. True b. False Indicate whether the statement is true or false