Over which of the following does the Fed have some control?
a. a commercial bank based in Paris, France
b. a pension fund based in Albany, New York
c. a commercial bank based in Wichita, Kansas
d. a pension fund based in Tokyo, Japan
c. a commercial bank based in Wichita, Kansas
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Foreign exchange reserves are critical to an effective floating exchange rate system
Indicate whether the statement is true or false
Which of the following is the term used to describe a failing bank selling off a substantial amount of assets in a short time period in order to remain solvent?
a. fire sale b. short sale c. long sale d. liquidity sale
If the price level falls, the money demand curve will
a) shift to the right b) shift to the left c) become steeper d) become flatter e) none of the above
If gross domestic purchases are ________, then net exports are ________.
A. less than gross domestic product; positive B. equal to zero; also equal to zero C. greater than gross domestic product; positive D. greater than gross domestic product; greater than net imports