Which of the following is an asset of the Fed?
A) Mortgage-backed securities
B) currency
C) reserves of depository institutions
D) Both answers B and C are correct.
A
You might also like to view...
President Franklin Delano Roosevelt declared a bank holiday, closing all U.S. banks in ________
A) July 1776 B) October 1929 C) March 1933 D) September 2001
Antitrust legislation prohibits a person from being on the board of directors of more than one firm at any time
Indicate whether the statement is true or false
Say a consumer always consumed peanut butter and jelly in fixed proportions (for a perfect peanut and jelly sandwich). Then the indifference curves for peanut butter and jelly for this consumer would be
A. a straight line with negative slope. B. convex. C. a straight line with positive slope. D. L-shaped.
Ceteris paribus, if structural unemployment increases, the economy is
A. Outside the production possibilities curve. B. On the fixed production possibilities curve. C. On the production possibilities curve that shifts inward. D. Inside the production possibilities curve.