The Fed's principal decision-making body, which directs buying and selling U. S. government securities, is known as the:
a. Federal Open Market Committee.
b. Federal Deposit Insurance Corporation.
c. District Board of Governors.
d. Reserve Requirement Regulation Conference.
a
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A movie shown on a pay-per-view cable station is an example of
A) an excludable and rival good. B) a nonexcludable and rival good. C) an excludable and nonrival good. D) a nonexcludable and nonrival good.
In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. Suppose the effect on the buyers was larger than the effect on the sellers
Consequently, in the current market for peanut butter there is a ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) rise; an increase B) rise; a decrease C) fall; a decrease D) fall; an increase
The original maturity on U.S. Treasury notes is between
A) three months and one year. B) one and ten years. C) six months and three years. D) ten and thirty years.
Gasoline stations carrying the same fuel brand (e.g., Chevron) are able to charge different prices in San Francisco because:
A. location is a source for product differentiation. B. gasoline stations are perfect price discriminators. C. gasoline station operators form a cartel to act as a monopoly. D. fuel quality varies across stores.