The __________ is a regulator of financial markets
A) Comptroller of the Currency
B) Commodities Futures Trading Commission
C) FDIC
D) Federal Reserve
B
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Special interests are likely to have less influence over tax reform _____
a. when the reform is small b. when the reform is comprehensive c. when the reform is at the local level d. when the reform is at the state level
Which of the following is true in long-run equilibrium for both perfect competition and monopolistic competition?
a. Accounting profit is zero. b. Marginal cost equals price. c. Long-run average cost is at a minimum. d. Economic profit is zero.
How does an open market purchase by the Fed affect the level of bank reserves and the interest rate? Illustrate the interest rate effect by drawing the appropriate graph
A U.S. grocery chain purchases olive oil from Tunisia and sells it to U.S. consumers. In which of the following is this transaction included?
a. U.S. consumption and U.S. imports b. U.S. consumption but not U.S. imports c. U.S. imports but not U.S. consumption d. neither U.S. consumption nor U.S. imports