The interest rate that the Fed charges banks to borrow funds from the Fed is the
A) nominal interest rate. B) discount rate.
C) federal funds rate. D) money market rate.
B
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State and local governments receive the largest portion of their tax revenues from
a. sales taxes and income taxes. b. income taxes and property taxes. c. payroll taxes and income taxes. d. property taxes and sales taxes.
If a tax rate falls as a person's income rises, the tax is a:
A. proportional tax. B. progressive tax. C. regressive tax. D. poll tax.
Which of the following is one of the functions of rental prices?
A) to redistribute income from landlords to renters B) to redistribute income from renters to landlords C) to signal to the local government when taxes on rental units should be increased D) to ration the use of existing housing for current consumers
When the Fed conducts open market operations, it
A. also raises taxes at the same time. B. is engaging in fiscal policy. C. shifts the demand for money curve. D. purchases or sells government bonds issued by the U.S. Treasury.