The main function of the Federal Reserve System is to:
Control the money supply
Clear checks from member banks
Serve as the fiscal agent for the Federal government
Set reserve requirements of banks
Control the money supply
You might also like to view...
Refer to Figure 3-4. If the price is $25,
A) there is a surplus of 300 units. B) there is a shortage of 200 units. C) there is a shortage of 300 units. D) there is a surplus of 200 units.
Suppose that the prices of good A and good B were to suddenly double. If good A is plotted along the horizontal axis,
A) the budget line will become steeper. B) the budget line will become flatter. C) the slope of the budget line will not change. D) the slope of the budget line will change, but in an indeterminate way.
When indifference curve analysis is used, a consumer optimum occurs at the point at which
A) the indifference curves intersect. B) the indifference curve is tangent to the budget line. C) total utility is maximum. D) marginal utility/price ratio of all goods consumed is equal.
Consumption is the total value of all goods that a household consumes in a given period.
Answer the following statement true (T) or false (F)