Which statement about the owners of the Fed is true?
a. They have little control over the Fed’s operations.
b. They receive large payments based on interest rates.
c. They select the members of the Federal Reserve Board of Governors.
d. They are in charge of making monetary policy decisions.
a. They have little control over the Fed’s operations.
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If the marginal cost curve is below the average variable cost curve
A. both average total cost and average variable cost are decreasing. B. average variable cost is less than average fixed cost. C. both average total cost and average variable cost are increasing. D. average total cost is increasing but average variable cost is decreasing.
The merit standard refers to
A) "To each according to her need." B) "To each exactly the same." C) "To each according to her productivity." D) "To each according to his ability."
If the reserve requirement ratio at Forest Hills Bank is 16 percent, what is its money multiplier?
a. 0.84 b. 4 c. 16 d. 6.25
Which is an example of barter?
A. A person trades a desk for a box of tools B. A person buys clothes at a used clothing store C. A gift of tuition money from parents to their children D. The purchase of stock on the New York Stock Exchange