The 12 regional Federal Reserve Banks
A. are not allowed to make loans to banks in their districts.
B. regulate banks in their districts.
C. have more voting members on the FOMC than does the Board of Governors.
D. are each headed by a member of the Board of Governors.
Answer: B. regulate banks in their districts.
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Under a gold standard in which one dollar could be turned in to the U.S
Treasury and exchanged for 1/20th of an ounce of gold and one German mark could be exchanged for 1/100th of an ounce of gold, an exchange rate of ________ marks to the dollar would stimulate a flow of gold from the United States to Germany. A) 7 B) 6 C) 5 D) 4
If purchasing-power parity between France and the U.S. holds, but then U.S. prices rise,
a. the real exchange rate is above its purchasing-power parity value. An increase in the nominal exchange rate can move it back. b. the real exchange rate is above its purchasing-power parity value. A decrease in the nominal exchange rate can move it back. c. the real exchange rate is below its purchasing-power parity value. An increase in the nominal exchange rate can move it back. d. the real exchange rate is below its purchasing-power parity value. A decrease in the nominal exchange rate can move it back.
What is a market surplus, and how does the market attempt to resolve a surplus?
What will be an ideal response?
Average total cost is minimized at a higher level of output than average variable cost.
Answer the following statement true (T) or false (F)