The functions carried out by the Federal Reserve Banks include
a. supervising member banks in their districts.
b. serving as fiscal agents for the federal government.
c. supplying money in the form of Federal Reserve notes.
d. All of these.
d. All of these.
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Inflation makes it difficult to distinguish relative price changes from changes in the general level of prices. Consequently, inflation ________ the efficiency of the market system.
A. decreases B. does not change C. increases D. may either increase or decrease
For an economy starting at potential output, an increase in one or more of the components of aggregate expenditure in the short run results in a(n):
A. increase in potential output. B. recessionary output gap. C. decrease in potential output. D. expansionary output gap.
Use the following information to answer the next question.SecurityAmount (in billions)Treasury bills$220Corporate bonds140Treasury notes80Corporate stock200U.S. savings bonds60Treasury bonds100The public debt for the economy is
A. $540 billion. B. $460 billion. C. $580 billion. D. $400 billion.
A bank currently has checkable deposits of $100,000 . total reserves of $30,000 . and loans of $70,000 . If the required reserve ratio is lowered from 20 percent to 15 percent, this bank can increase its loans by:
a. $10,000. b. $15,000. c. $75,000. d. $5,000. e. $0.