Which of the following observations is true?
a. State governments are the shareholders of the Fed.
b. The Fed chairman is appointed for a ten year term.
c. FOMC decisions largely determine short-term interest rates.
d. Member banks proportionately share all of Federal Reserve's profits.
c
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In the above figure, the efficient amount of output is ________ units
A) 25 B) 50 C) 75 D) 100
If the surplus in the capital account are greater than the deficit in the current account, then
a. the current account must be positive in the long-run. b. the current account must be negative in the long-run. c. exports must be less than imports. d. official reserve transactions must be negative.
Income inequality is greater within nations than among nations
a. True b. False Indicate whether the statement is true or false
The manager institutes an incentive structure to ensure:
A. the firm produces on the production function. B. the firm produces above the production function. C. workers are in fact working at their utility-maximizing effort level. D. workers are in fact working at the expected potential.