The group responsible for making decisions regarding monetary policy is the:
A. Federal Open Market Committee.
B. Board of Governors only.
C. Federal Advisory Council.
D. group of 12 Federal Reserve Bank presidents only.
Answer: A
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Suppose that in producing a GDP of 3000, goods worth 200 go unsold and are unintentionally added to business inventories. These goods
A) are not counted in total expenditure. B) are part of the investment component of expenditure. C) are nonetheless part of the consumption component of expenditure. D) are classified as net exports and are subtracted from total expenditures.
What variable adjusts to balance demand and supply in the market for loanable funds?
Commodity money includes such things as paper currency and travelers checks that have no commodity value in and of themselves, but which can be used to purchase commodities
Indicate whether the statement is true or false
In the federal funds market,
A) banks make loans to the Fed. B) banks make loans to other banks. C) the Fed makes short-term loans to banks. D) the Fed makes long-term loans to banks.