The regional Federal Reserve Banks
a. are not allowed to make loans to banks in their region.
b. regulate banks in their regions.
c. have more voting members on the FOMC than does the Board of Governors.
d. are each headed by a member of the Board of Governors.
b
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The reason we are willing to accept money with no intrinsic value is that
A) the money supply is backed by an equal amount of gold and silver. B) we have a fiduciary monetary system in which currency has both acceptability and predictability of value. C) the value of the money varies directly with changes in the price level. D) paper currency may be exchanged for full-bodied money.
The labor market in professional baseball is an example of
A) a bilateral monopoly. B) a monopsonistic labor market. C) a monopolistic labor market. D) a perfectly competitive labor market.
The S&P 500 index includes the stocks of 500 largest companies in the U.S
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
a. in recent decades, the rich countries of the world have consistently grown more rapidly than poor countries. b. no LDC was able to achieve a more rapid growth rate than the United States during the 1980 through 2005 period. c. during recent decades, most LDCs have stagnated economically. d. during 1980 through 2005, the fastest growing countries in the world were mostly LDCs.