Which of the following is NOT an asset of the Federal Reserve System?
A) mortgage-backed securities
B) reserves of depository institutions
C) U.S. government securities
D) None of the above are correct because they are all assets of the Federal Reserve.
B
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Refer to Figure 2-4. Consider the following movements:
a. from point V to point W b. from point W to point Y c. from point Y to point Z Which of the movements listed above represents advancements in technology with respect to both plastic production and food production? A) b and c only B) a, b, and c C) c only D) b only
Will it take a smaller amount of government spending to increase the level of national income if the government balances its budget or if it runs a budget deficit? Explain
Older Americans living on a pension and therefore on a fixed income tend to be made
A. better off when prices rise. B. better off when inflation rates rise. C. worse off when prices rise. D. worse off when prices fall.
Assume a perfectly competitive industry is in long-run equilibrium at a price of $75. If this industry is a constant-cost industry and the demand for the product decreases, long-run equilibrium will be reestablished at a price
A. less than $75. B. greater than $75. C. of $75. D. either greater than or less than $75 depending on the magnitude of the decrease in demand.