The Federal Reserve System is divided into:
A. 5 districts
B. 7 districts
C. 12 districts
D. 15 districts
C. 12 districts
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What have we assumed when we conclude that a real depreciation of the currency improves the current account?
A) The volume effect outweighs the value effect. B) The value effect outweighs the volume effect. C) All else equal and the volume effect outweighs the value effect. D) All else equal and the value effect outweighs the volume effect. E) All else equal and the volume effect equals the value effect.
What is the purpose of the Federal Deposit Insurance Corporation (FDIC)?
(A) To make sure that banks charge a fair amount of interest on loans. (B) To make sure that banks do not fail. (C) To make sure that customers do not lose money if a bank fails. (D) To make sure that the government has enough gold to cover its expenses.
The table above gives the demand schedule for peas. Between point C and point D, the price elasticity of demand is
A) elastic. B) unit elastic. C) 0.75. D) 3.00.
Restructuring in Texas went more smoothly than restructuring in California
Indicate whether the statement is true or false