The two main responsibilities of the Federal Reserve System are to ________ and to ________.
A. insure bank deposits; print currency
B. enable banks to make affordable mortgages; control the exchange rate of the U.S. dollar
C. apprehend counterfeiters; regulate the stock market
D. conduct monetary policy; oversee financial markets
Answer: D
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Money is said to be liquid because it is immediately available to spend for goods
a. True b. False Indicate whether the statement is true or false
Certain religious texts prohibit charging interest to people who borrow. This is a form of
a. minimum pricing b. rationing c. target pricing d. price ceiling e. price floor
What is the most widely followed short-term interest rate?
A. the government bond rate B. the commercial paper rate C. the three-month Treasury bill rate D. the federal funds rate
Suppose when the price of novels goes from $15 to $20 per book, production increases from 760 million books to 840 million books per year. Using the mid-point method, the price elasticity of supply is
A. 0.77 B. 28.5 percent C. 37 percent D. 0.35