The international reserves of the Federal Reserve System include its holdings of ________
A) Treasury securities
B) discount loans to commercial banks
C) foreign currency denominated assets
D) U.S. dollars, British pounds and Euros
C
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One of the key outcomes of the 2010 mid-term elections was that
A. a national sales tax was created and replaced the income tax. B. 1986 tax increases were repealed in 2011. C. iraqi oil revenues were taxed by the U.S. to provide care for disabled Iraqi War veterans. D. 2003 tax cuts were continued for everyone through the end of 2012.
If the government uses its budget surplus to finance additional government purchases or tax cuts, crowding out will
A. not occur. B. occur to a greater degree. C. still occur, but to a lesser degree. D. occur more rapidly.
Refer to Figure 24-2. Ceteris paribus, an increase in the capital stock would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Actual reserves minus required reserves equals
A. the required reserve ratio. B. actual reserves. C. vault cash plus deposits at Fed District Banks. D. excess reserves.