Which of the following is not a function of the Fed?

A) to provide check-clearing services
B) to hold depository institutions' reserves
C) to serve as the government's banker
D) to serve as the borrower of last resort
E) none of the above


D

Economics

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Suppose the required reserve ratio is 3 percent, and currency and reserves total $10 million. The maximum change in the money supply that can be supported is:

A. $13 million. B. $30 million. C. $97 million. D. $333.3 million.

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If the quantity of smallpox vaccinations is determined by the market forces of demand and supply, which of the following is most likely to be true??

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A shift in the demand curve will occur when

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Economics