Which of the following was the nation's first true central bank?
(A) Federal Deposit Insurance Corporation
(B) Bank of the United States
(C) Federally chartered bank of the Civil War
(D) Federal Reserve System
Ans: (D) Federal Reserve System
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The above figure shows one of Sam's indifference curves between gasoline and coffee. Which of the following about a movement along Sam's indifference curve is CORRECT?
A) As he moves leftward along the curve, he likes the combinations of gasoline and coffee better and better. B) As he moves rightward along the curve, he likes the combinations of gasoline and coffee better and better. C) He likes all combinations of gasoline and coffee along the curve equally well. D) None of the above is true.
What does it mean when one currency is "pegged" against another currency?
What will be an ideal response?
Interest rate parity can be summarized by which of the following equilibrium conditions?
a. The foreign interest rate must equal the domestic interest rate plus the expected inflation. b. The foreign interest rate must equal the domestic interest rate. c. The foreign interest rate must equal the expected change in the exchange rate. d. The domestic interest rate must equal the foreign interest rate plus the expected change in exchange rate. e. The domestic interest rate must equal the foreign interest rate minus any expected inflation.
If a bank keeps some of its excess reserves, the actual money multiplier
a. increases b. stays the same c. goes to zero d. decreases e. increases, then decreases