The best way for Federal Reserve Board officials to help boost a stagnant economy is to
a. raise interest rates so that banks can earn more money on the loans they provide to individuals and businesses.
b. lower interest rates so that banks can provide more loans at cheaper rates to individuals and businesses.
c. take money out of circulation so that the dollar becomes more valuable.
d. raise the reserve requirement, restricting the amount of cash and negotiable securities that banks must have on hand.
Answer: b. lower interest rates so that banks can provide more loans at cheaper rates to individuals and businesses.
You might also like to view...
The government program that helps poor Americans to buy food for themselves and their families is known as __________
a. SNAP b. AFDC c. CHIP d. TANF
A(n) _____ is a public veto of legislation
a. direct initiative b. indirect initiative c. popular referendum d. legislative referendum
The writings of Charles, Baron de Montesquieu, provided the Framers of the Constitution with which of the following?
a. the foundations of physics that were translated into governing concepts such as checks and balances b. his discussion of the classification of governmental functions and forms as the legislative, executive, and judicial c. the importance of individual rights and the limited scope of government authority d. the notion that politics should be treated as a competition among contending interests
Because so many Democrats were disqualified from holding political office as a result of their support for the Confederacy, the Republican Party was able to dominate Texas political institutions until well into the twentieth century
Indicate whether the statement is true or false