Which of the following Federal Reserve Banks is most instrumental in carrying out the policy directives of the Board of Governors?
A. The Federal Reserve Bank of Richmond
B. The Federal Reserve Bank of St. Louis
C. The Federal Reserve Bank of San Francisco
D. The Federal Reserve Bank of New York
D. The Federal Reserve Bank of New York
You might also like to view...
Under which exchange rate system was a dollar redeemable for gold only if the dollar was presented by a foreign central bank?
A) a fiat system B) the gold standard C) a managed float exchange rate system D) the Bretton Woods System
Income elasticity of demand is defined as
A) the change in income divided by the change in quantity. B) the change in price divided by the change in income. C) the percentage change in demand divided by the percentage change in income. D) the change in income multiplied by the change in quantity.
Public libraries, art galleries, and the National Institutes of Health are examples of
a. merit goods b. public goods c. social goods d. private goods e. exclusive goods
In the United States, because men on average earn more than women, the substitution effect tends to outweigh the income affect when wages increase.
Answer the following statement true (T) or false (F)