The federal funds rate is
A. The required reserve ratio that the federal reserve requires banks to maintain
B. The interest rate that banks charge for loans to its important commercial borrowers
C. The interest rate that banks charge each other for overnight loans
Ans: C. The interest rate that banks charge each other for overnight loans
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Your scholarship depends on your maintaining a 3.5 cumulative GPA. Your GPA for last semester was 3.6, which brought your cumulative GPA down. What must be true?
A. Last semester's grades were lower than your overall GPA. B. Last semester's grades were higher than your overall GPA. C. If this semester's grades are the same as last semester's, you might lose your scholarship. D. If this semester's grades are the same as last semester's, your overall GPA will stay the same.
Explain why cable television is not a pure private good
What will be an ideal response?
What are the gains from specialization and trade?
What will be an ideal response?
The disappointment with import-substitution policies is in part because
A) of the rapid and continuous growth record of South American countries. B) many countries pursuing this strategy experienced stagnation in their growth. C) this policy is inconsistent with sophisticated economic growth models. D) this policy tended to create world-class industrial competitors. E) of the financial investment lost by the U.S.