The Federal Reserve System was created by act of Congress in 1931 in an effort to end a wave of bank failures brought on by the Great Depression
a. True
b. False
Indicate whether the statement is true or false
False
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What is the yield on a discount basis for a U.S. Treasury bill that has a face value of $10,000, has a price of $9500, and will mature in 180 days?
A) 5.00% B) 5.25% C) 10.00% D) 10.67%
From 1975 to 1995, the value of the dollar in terms of yen fell from over 300 yen per dollar to about 100 yen per dollar. Considering the impact of this alone, this would likely:
A. make the U.S. AD curve steeper. B. shift the U.S. AD curve to the left. C. shift the U.S. AD curve to the right. D. make the U.S. AD curve flatter.
Refer to Table 16-3. Suppose Julie's marginal cost of providing this service is constant at $7 and she charges $7. How many hours will be purchased and what is her total revenue?
A) 5 hours; total revenue = $35 B) 4 hours; total revenue = $28 C) 3 hours; total revenue = $21 D) 2 hours; total revenue = $14
What is the Dow Jones Industrial Average (DJIA)? Give a description of why the DJIA was first created, how it is computed, and how it has evolved over time.
What will be an ideal response?