The federal funds rate is a long-term interest rate banks charge one another for loans
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following countries has more even income distribution than the United States?
a. Canada b. Brazil c. Chile d. Nigeria e. Philippines
Economics
If Michelle can buy a woolen jacket for 40 yuan in China, and Rebecca pays $40 for the same jacket in the U.S., it implies that the exchange rate between these two nations is 10 yuan = $1
a. True b. False Indicate whether the statement is true or false
Economics
How do banks make profits?
Economics
To increase the money supply, the Federal Reserve could
A) lower the discount rate. B) decrease income taxes. C) raise the required reserve ratio. D) conduct an open market sale of Treasury securities.
Economics