Which of the following administers protective regulations on consumer finance?
a. Board of Governors
b. Federal Reserve Banks
c. Federal Open Market Committee
d. Federal Advisory Council
e. Department of Commerce
A
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A market system works very well in solving some basic problems of the economy but it fails in some cases. Provide examples.
What will be an ideal response?
A recent accounting graduate from a major business school is searching for a place to begin his career as an accountant. This individual is
A) structurally unemployed. B) seasonally unemployed. C) cyclically unemployed. D) frictionally unemployed.
Amanda talks with several different brokers at a social gathering. She hears the following advice from brokers A, B, and C. Which broker, if any, gave her incorrect advice?
a. Broker A: "There are risks in holding stocks, even in a highly diversified portfolio.". b. Broker B: "Portfolios with smaller standard deviations have lower risk.". c. Broker C: "Stocks with greater risks offer lower average returns.". d. They all gave her correct advice.
The European Monetary System represented a
A) exchange rate regime with 'bands.' B) crawling peg. C) a flexible exchange rate regime. D) none of the above