Over the two-year period during which the financial crisis occurred, the amount of assets in the Federal Reserve balance sheet increased by:
A. 6 times.
B. 3 times.
C. 4.5 times.
D. 2.5 times.
Answer: D
You might also like to view...
"Scarcity implies that some way of rationing goods must be found." Explain what this statement means. How is this rationing done?
What will be an ideal response?
Which of the following is a characteristic of monopolies?
a. Producing less at a higher average cost b. Producing more at a lower average cost c. Eliminating price discrimination d. Strengthening market forces
Contractionary fiscal policy _______________ Real GDP ______________ in an open economy than in a closed economy
A) raises; more B) raises; less C) lowers; more D) lowers; less
One of the successes of the European Union (EU) is that banks have "passporting rights," which means that
A. banks in the EU are not required to follow the policies of a central monetary authority. B. banks in the EU can sell financial services to any EU country without regulatory barriers. C. banks in the EU have the authority to issue EU passports and travel visas to any citizen of a member country. D. banks in the EU have unlimited access to foreign financial capital.