Members of the Federal Reserve Board of Governors are ______.
a. elected by the U.S. public for lifetime terms
b. appointed by the U.S. president for terms of 14 years
c. appointed and removed according to the votes of Fed member banks
d. chosen at random from the heads of the 12 regional Fed banks, every four years
b. appointed by the U.S. president for terms of 14 years
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In the foreign exchange market, the
A) supply of dollars decreases as the exchange rate increases and the quantity of dollars supplied does not change. B) quantity of dollars supplied increases as the exchange rate decreases and the supply of dollars does not change. C) quantity of dollars supplied increases as the exchange rate increases and the supply of dollars does not change. D) supply of dollars increases as the exchange rate increases and the quantity of dollars supplied does not change. E) both the quantity of dollars supplied and the supply of dollars increases as the exchange rate increases.
If consumption is $6 billion, investment is $3 billion, government purchases are $1 billion, and GDP is $12 billion, then net exports must equal:
A. $22 billion. B. $10 billion. C. $2 billion. D. $12 billion.
Which of the following is true?
A) Voters have a strong incentive to cast a well-informed vote, but consumers have little incentive to make informed choices. B) Both voters and consumers have a strong incentive to make informed choices. C) Voters have little incentive to cast a well-informed vote, but consumers have a strong incentive to make informed choices. D) Neither voters nor consumers have much incentive to make informed choices.
In 2005, developed countries began to offer "aid for trade" programs that:
A. give developing nations funds in exchange for free trade agreements. B. give developing countries funds to develop industries that create exports the developed nations want. C. fund initiatives in developing countries that minimize trade barriers and provide infrastructure critical for trade. D. give developing nations funds in exchange for cheaper imports.