The tools of the Federal Reserve include
A) reserve requirements.
B) the discount rate.
C) open market operations.
D) all of these choices.
D
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The sum of all planned expenditures for the entire economy at each possible price level is
A) aggregate demand. B) effective demand. C) aggregate supply. D) actual expenditures by consumers.
Refer to Figure 7-3. With a quota in place, what is the quantity supplied by domestic producers?
A) 16 million pounds B) 18 million pounds C) 28 million pounds D) 34 million pounds
In investment banking the "spread" is the difference between
A) the value of a firm's assets and the value of its liabilities. B) the bid and asked prices on a bond. C) the price of new capital guaranteed to the issuing firm and the price that can be obtained in the market. D) the price of a new stock issue and the price of an equivalent new bond issue.
What is a credit union?
(A) A modified type of savings and loan that makes loans for housing. (B) A bank that specializes in retirement savings accounts. (C) A bank that takes deposits but does not make loans (D) A cooperative lending institution for a particular group.