________ are used for interbank loans.
A. Excess reserves
B. Federal funds
C. Prime rate dollars
D. Open market operations
Answer: B
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In a one-period economy
A) consumption equals disposable income. B) consumption equals disposable income plus the value of non-market work. C) savings is always positive. D) consumers may increase their consumption by borrowing.
The social insurance system generally redistributes income from
a. rich to poor and from old to young b. rich to poor and from young to old c. poor to rich and from old to young d. poor to rich and from young to old e. consumers to producers
Debt service
A. Is a discretionary component of the federal budget. B. Is a redistribution, so it does not entail opportunity costs. C. Does not cost the government because it can issue new debt. D. Refers to the annual interest payments on the debt.
How are technological advance and capital formation related?
What will be an ideal response?