A typical FOMC meeting would best be described as:
A. an informal meeting with significant give and take among participants.
B. a fairly formal session with not much give and take.
C. an informal meeting with the Chairman as a passive observer.
D. a press conference, where the financial press can ask questions regarding the Fed's view of the economy.
Answer: B
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Of all commercial banks, about ________ belong to the Federal Reserve System
A) 10% B) one half C) one third D) 90%
What happens during periods when the inflation rate fluctuates widely?
What will be an ideal response?
Dissatisfaction with public school education has led many parents to try home schooling for their children. If parents reduce their work from a full-time to a part-time load in order to spend time teaching their children at home, how will this affect GDP?
A. GDP will stay the same. B. Real GDP will increase and nominal GDP will decrease. C. Both real and nominal GDP will increase. D. GDP will decrease.
Of the administrative costs for the SNAP program,
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