The 12 regional Fed banks do not:
A. Provide loans to banks.
B. Hold reserves for banks.
C. Accept deposits from individuals.
D. Provide currency to banks
C. Accept deposits from individuals.
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What is the basic criticism that economic theory levels against the movement to base wages on the "comparable worth" of jobs?
A) Markets, not employers, set wage rates for different jobs. B) There are no jobs that are inherently more suitable for women than for men. C) There is no way to compare the satisfactions that different people derive from a job. D) Wage rates determine the worth of workers to an employer by determining the number that will be hired. E) Wage rates will be set by supply and demand and cannot be changed by anything government does.
A risk-free rate can be measured by
A) the rate of inflation. B) the rate on corporate bonds. C) the Federal Reserve's discount rate. D) a rate of a Treasury security.
Neoclassical growth theory does not emphasize how __________ contribute to growth
A) the quantity of capital B) technological changes C) the quantity of labor D) factors limiting population growth E) a and c
The demand curve faced by a pure monopolist
A) is the same as its marginal revenue curve. B) is perfectly inelastic. C) lies below the marginal revenue curve. D) is the market demand curve.