Which of the following statements about the Fed is not true?
a. All nationally chartered banks must be members.
b. It controls the money supply.
c. It issues Federal Reserve Notes.
d. It serves as the bankers' bank for member banks.
e. All state-chartered banks must be members.
E
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In economics, products are considered "differentiated" only if
a. they are physically or chemically different b. sellers decide that they are different c. buyers think that they are different d. the government determines that they are different e. they are produced by different firms
Which statement is true?
A. There is no evidence whatsoever to support the contention that women, blacks, Hispanics, and other minorities are victims of employment discrimination. B. The relatively lower wages earned by women and minorities can be explained entirely by employment discrimination. C. The poverty of women, blacks, and Hispanics can be explained almost entirely by their low earnings. D. None of these statements are true.
Savings deposits are ________ the M1 measure of money and ________ the M2 measure of money.
A. included in; included in B. excluded from; included in C. included in; excluded from D. excluded from; excluded from
Social demand equals market demand plus externalities when there are positive external benefits.
Answer the following statement true (T) or false (F)