Which of the following is NOT a function of the Federal Reserve System?
A. The Fed supplies the economy with fiduciary currency.
B. The Fed holds reserves of depository institutions.
C. The Fed determines government spending and taxation policies.
D. The Fed acts as fiscal agent for the United States Department of the Treasury.
Answer: C
You might also like to view...
Refer to Figure 10-4. What is the marginal rate of substitution for one bar of chocolate between h and j?
A) of a cookie. B) of a cookie. C) 2 cookies. D) 4 cookies.
According to the information given in the table shown, if someone makes $40,000 in the U.S., what would his salary need to be in Mexico to maintain the same standard of living?
This table shows the price-level adjustment as compared to the United States.
A. $60,606
B. $26,400
C. $40,000
D. $13,600
The idea that supply creates its own demand is known as
A. Say's law. B. Keynes' law. C. the law of diminishing returns. D. Murphy's law
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles. B. an increase in economic growth. C. an increase in unemployment. D. a reduction in unemployment.