The greatest number of people who live on $1.90 a day live in:
A. China.
B. sub-Saharan Africa.
C. South Asia.
D. None of these is true.
Answer: C
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Regulation began in the United States in the 1950s
a. True b. False Indicate whether the statement is true or false
Based on the graph showing the effective federal funds rate, once interest rates bottomed out after the 2001 recession, they ______.
a. levelled off for several years
b. began an upward trend that is still ongoing
c. increased consistently for several years
d. went up slightly one year then dropped rapidly
Suppose the required reserve ratio is 3 percent, and currency and reserves total $10 million. The maximum change in the money supply that can be supported is:
A. $13 million. B. $30 million. C. $97 million. D. $333.3 million.
The Federal Reserve reduced the Fed funds rate to the 0–0.25 percent range in 2008 in response to the Lehman Brother’s catastrophe.
Answer the following statement true (T) or false (F)