Members of the Board of Governors are
A. Elected by the people and confirmed by the president.
B. Appointed by the president and confirmed by the Senate.
C. Appointed by the Senate and confirmed by the House of Representatives.
D. Selected by each new president at the same time the cabinet is chosen.
Answer: B
You might also like to view...
Which of the following is the best measure of the total amount that the federal government owes to private owners of U.S. Treasury securities?
A) the government budget deficit B) the gross public debt C) government interagency borrowing D) the net public debt
A distinction between stocks and bonds is that
A) although the return on a bond is determined by the forces of supply and demand, the return on a stock is set by the stock exchange. B) stocks represent ownership claims to the company and bonds do not. C) bonds must be held for a fixed number of years whereas stocks can be bought and sold at any time. D) bonds can be traded many times in the bond market, while stocks are non-transferable. E) bonds cannot be sold to anyone other than the company that issued it while stocks can be resold to anyone.
Under the Cambridge cash balance approach, money demand is determined by
A) nominal income. B) real income. C) the saving rate. D) velocity.
When positive externalities exist in a market, if a Pigouvian subsidy is imposed:
A. those who interact in the market will lose surplus. B. those who interact in the market will gain surplus. C. those who do not interact in the market, but are affected by the externality, will gain surplus. D. None of these statements is necessarily true.