All of the following are functions of the Federal Reserve System (the Fed) EXCEPT
A. check clearing.
B. supplying currency.
C. lender of last resort for consumers.
D. regulation of the money supply.
Answer: C
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Which of the two features of the IMF Articles of Agreement helped promote flexibility in external adjustment?
A) IMF members helped countries maintain full employment. B) IMF allowed countries to attain internal balance. C) New countries would enter the agreement if they fixed their exchange rate. D) IMF members contributed their currency to form a pool of resources that IMF could lend to countries in need and parities in the exchange rate against the dollar could be adjusted with agreement of IMF. E) IMF members argued against the use of floating exchange rates.
A reentrant is an individual
A) in the labor force whose employment was involuntarily terminated. B) who used to work full time but left the labor force and has now reentered it looking for a job. C) in the labor force who quits voluntarily. D) who has never held a full-time job lasting two weeks or longer but is now seeking employment.
The percentage share of income of the top quintile on curve X is
A. 27.
B. 45.
C. 55.
D. 73.