What is the length of the term of the members of the Board of Governors of the Federal Reserve System?
a. Four years.
b. Six years.
c. Fourteen years.
d. Life or until the member resigns.
c
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When a good is made illegal, which of the following definitely results in the price rising?
A) a much higher fine on sellers than on buyers B) a much higher fine on buyers than on sellers C) any fine imposed on both buyers or sellers D) any fine imposed on buyers
Changes in the ______________ rate of return will shift demand and supply for a currency.
a. historical b. expected c. actual d. immediate
The major problem with using rabbits as money is the problem of
a. homogeneity b. divisibility c. portability d. durability e. scarcity or abundance
The immediate impetus for the establishment of the Federal Reserve System came from
a. severe outbreaks of inflation in the early 1900s. b. four severe banking panics between 1873 and 1907. c. the discovery of gold in Alaska. d. the desire to copy the founding of the Bank of England.