Secondary credit provided by the Fed is designed for:
A. foreign banks.
B. banks that want to borrow without putting up collateral.
C. banks who qualify for a lower interest than what is available under primary credit.
D. banks that are in trouble and cannot obtain a loan from anyone else.
Answer: D
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Diseconomies of scale refers to when in the long run:
A. an increase in the quantity of output decreases average total cost. B. an increase in the quantity of output increases average total cost. C. average total cost does not depend on the quantity of output. D. None of these is true.
Which of the following is not true with regard to mutual funds? a. Some mutual funds allow investors to invest in all stocks in a given market
b. Mutual fund returns are greater than those for an individual who selects his/her own stocks. c. They allow individuals to spread risk across many different companies. d. Investors gain access to the services of a financial expert.
The size distribution of income
A. Tells how personal income is divided up among households or income classes. B. Reflects the distribution of financial assets. C. Focuses on the distribution of income to different factors of production. D. Is the same thing as the functional distribution of income.
The budget deficit is defined as
A) T - (G + TR), and this is negative. B) T - (G + TR), and this is positive. C) T + (G - TR), and this is negative. D) T + (G + TR), and this is negative.