Current law regarding the Fed's Board of Governors stipulates that:
A. no more than three governors can come from the same district.
B. no more than two governors can come from the same district.
C. no more than one governor can come from the same district.
D. every district must have at least one governor on the board.
Answer: C
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Which of the following would NOT be an asset on a bank's balance sheet?
A) loans outstanding B) bank building C) cash in the vault D) transactions deposits
Even if an insurance company holds a substantial reserve to pay claims, the algebra of probability shows that its funds are likely to be exhausted in payouts
Indicate whether the statement is true or false
Long-run macroeconomic policy focuses on shifting the:
A. Aggregate supply curve to the left. B. Production possibilities curve outward. C. Aggregate demand curve to the left. D. Money supply curve to the right.
Consider the monopoly depicted in Figure 8.14. Relative to the cost of producing the quantity the monopolist would choose under an average-cost pricing policy, the cost of producing Q4 units is:
A. less. B. the same. C. more. D. twice as much.