The powers of the Federal Reserve System do not include:
a. the ability to buy and sell U.S. government securities
b. the ability to extend loans to commercial banks.
c. the ability to provide deposit insurance for customers of member banks.
d. the ability to impose reserve requirements on both member and nonmember commercial banks.
e. the authority to clear checks.
c
You might also like to view...
In a Nash equilibrium, neither player wishes to unilaterally change his or her mind
Indicate whether the statement is true or false
Joanne rents a TV production studio to produce an extra hour of a TV show. The rent is
A) a private cost and not an external cost. B) an external cost and not a private cost. C) both a private cost and an external cost. D) neither a private cost nor an external cost. E) a private benefit because viewers will benefit from watching the extra hour of the show.
If the marginal utility to Juan of sleeping an extra hour (from 8 a.m. to 9 a.m.) is negative,
A. Juan is better off getting up at 8 a.m. B. Juan is better off getting up at 9 a.m. C. Juan’s total utility from sleeping must be negative. D. Juan’s average utility from every hour he sleeps must be negative.
The TANF program was the result of _____
a. the New Deal b. the Great Society programs of President Johnson c. President Reagan's second term in office d. President Clinton's desire to end welfare as conventionally understood