The discount rate is the interest rate:
A. commercial banks charge their low-risk customers for a loan.
B. savings and loan associations pay for using savings deposit funds.
C. the U.S. Treasury pays individuals who buy Treasury bonds in denominations of $10,000 or more.
D. the Federal Reserve charges banking institutions for borrowing its funds.
Answer: D
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In sequential games, the player who moves first:
A. sometimes has an advantage and sometimes has a disadvantage. B. has a first-mover advantage only when he or she is able to make a credible threat or promise to choose a dominated strategy. C. always has a first-mover advantage. D. has a first-mover advantage only when the second mover fails to choose the dominant strategy.
Which figure above shows the effect of a technological advance in the production of pizza?
A) Figure A B) Figure B C) Figure C D) Figure D E) Both Figure A and Figure D
The infant-industry argument is used by those who assert they want to
A) limit imports to protect new industries. B) increase exports to encourage growth of new industries. C) limit exports. D) increase imports to earn money to support new industries. E) encourage foreign firms to dump in the United States.
Price elasticity of supply is defined as
A) the quantity supplied divided by the quantity demanded. B) the change in the quantity supplied divided by the change in the quantity demanded. C) the percentage change in the quantity supplied divided by the percentage change in price. D) the percentage change in the quantity supplied divided by the percentage change in the quantity demanded.