Which of the following is NOT a function of the Fed?
A. supervising member banks
B. regulating the money supply
C. holding reserves for depository institutions
D. determining the credit-worthiness of firms and individuals
Answer: D
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Make use of a T-account to show the effect of the Fed's sale of $500 million worth of government securities on the Fed's balance sheet. (assume the Fed receives a check from the sale of securities)
What will be an ideal response?
The current Medicare system is designed so that it actually encourages
A) cost reductions. B) higher costs of medical services. C) higher costs only for surgeries. D) lower drug costs for recipients.
If the demand for legal services decreases, the demand for legal assistants probably will:
A. increase. B. decrease. C. not be affected. D. change in a manner that cannot be predicted.
When commercial banks retire outstanding loans, the supply of money is increased.
Answer the following statement true (T) or false (F)