U.S. Treasury deposits at the Federal Reserve Banks are:
A. A liability of the Federal Reserve Banks and the U.S. Treasury
B. An asset of the Federal Reserve Banks and the U.S. Treasury
C. A liability of the Federal Reserve Banks and an asset for the U.S. Treasury
D. An asset of the Federal Reserve Banks and a liability for the U.S. Treasury
C. A liability of the Federal Reserve Banks and an asset for the U.S. Treasury
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The difference between a capital good and a consumer good depends on
a. the purpose for which it is used. b. how it was produced. c. when it was produced. d. how quickly it is used up.
Money is ________
A) an asset B) a unit of measure C) a tool D) all of the above E) none of the above
According to the U.S. Supreme Court's 1920 ruling on U.S. Steel,
a. all monopolies are illegal b. all oligopolies violate the Sherman Antitrust Act c. large firms cannot be found to be in violation of the Sherman Antitrust Act d. "mere size is no offense" e. possession of market power is sufficient for a firm to be found in violation of the Sherman Antitrust Act
Banks have historically used the discount window:
A. often, until the financial crisis of 2008. B. sparingly during recessions, and often during booms. C. sparingly, until the financial crisis of 2008. D. often during recessions, and sparingly during booms.