When a customer takes out a loan from a bank, this loan is:
a) a liability for the bank.
b) savings for the bank.
c) a loss for the bank.
d) an asset for the bank.
Ans: d) an asset for the bank.
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Extreme global poverty is defined as ________
A) income of less than one dollar a day B) foreign debt in excess of 100% of GDP C) one percent of U.S. income D) one-fourth of U.S. income
The primary explanation for why a regulatory commission may protect the monopoly it is supposed to regulate is that the commission members
a. regularly receive gifts and bribes b. are incompetent c. are experts sympathetic to industry management d. work to increase industry competition e. are directly accountable to the public
Here is how an open market sale works: A commercial bank __________ government securities to (from) the Fed, which lowers the bank's deposits at the __________ and __________ the bank's __________
A) buys; Fed; lowers; reserves B) sells; Treasury; raises; reserves C) sells; Fed; raises; reserves D) buys; Treasury; lowers; liabilities E) none of the above
The three branches of the Federal Reserve System include each of the following, except:
A. the Federal Open Market Committee. B. the twelve regional Federal Reserve Banks. C. the Board of Governors. D. the Federal Deposit Insurance Corporation.