Most of the Fed's liabilities are in the form of:
a. Federal Reserve notes.
b. checkable deposits
c. U.S. Treasury deposits.
d. loans to member banks.
e. certificates of deposit.
a
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Savings-and-loans were originally federally insured through the
A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency.
If the government decreased income taxes by $500 billion and does not pursue a policy change, which of the following would require the private sector to adjust in order to finance the tax decrease?
A) Increase other taxes by $500 billion. B) Reduce transfer payments by $500 billion. C) Reduce expenditures on programs such as education or defense by $500 billion. D) Issue $500 billion in new Treasury Bonds.
Acquiring a firm that sells a substitute good would make the demand curve for your original product
a. More inelastic b. More elastic c. Unchanged d. None of the above
Both marginal revenue and marginal revenue product refer to the gains to the firm from employing one additional worker
a. True b. False