How were open market operations conducted prior to 1935?
A) They were carried out by the Federal Open Market Committee.
B) They were carried out under the direction of the Secretary of the Treasury.
C) They were carried out by the district Federal Reserve banks.
D) They were carried out by the Banking Committee of the House of Representatives.
C
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Indicate whether the statement is true or false
In low-income LDCs, per capita income is typically _______ and per capita growth rate is ________
a. between $100 and $500 per year; negative or less than 2 percent per year b. between $1000 and $5000 per year; 2 to 10 percent per year c. between $10,000 and $50,000 per year; typically negative d. between $1 and $50 per year; negative e. between $0 and $100 per year; negative
The radio broadcast of a concert is an example of a club good
a. True b. False Indicate whether the statement is true or false
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