The European Central Bank has ensured independence by appointing Executive Board members for:
A. eight-year non-renewable terms.
B. fourteen-year terms.
C. twenty-year terms.
D. life.
Answer: A
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Exports are goods and services that are produced:
A. in other countries and consumed domestically. B. domestically and consumed in other countries. C. and consumed in other countries. D. and consumers domestically.
Of the total income earned in the U.S. economy, approximately
a. 33 percent is earned by workers, and 67 percent is earned by landowners. b. 50 percent is earned by workers, 25 percent is earned by landowners, and 25 percent is earned by owners of capital. c. 67 percent is earned by workers, and 33 percent is earned by owners of land and capital. d. 90 percent is earned by workers, and 10 percent is earned by owners of land and capital.
Controlling market behavior that might prevent competition among all firms in the market
a. social regulation b. economic regulation c. antitrust policy d. none of the above
If commercial banks are maintaining a 5 percent reserve/deposit ratio and the Fed lowers the required reserve ratio to 3 percent, then banks may ________ their loans and deposits, and the money supply may ________.
A. decrease; decrease B. increase; increase C. decrease; increase D. increase; decrease