The Federal Reserve was established in 1913 to
A) prevent bad loans by requiring banks to hold reserves.
B) stop bank panics by acting as lender of last resort.
C) stimulate the economy by increasing bank reserves.
D) prevent inflation by decreasing the money supply.
B
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As the Indian rupee depreciates relative to the dollar, total spending on Indian goods and assets will increase. Therefore, in the foreign exchange market, the
A) supply curve of euros is downward sloping. B) supply curve of dollars is upward sloping. C) demand curve for euros is upward sloping. D) demand curve for dollars is upward sloping.
By tradition, Japanese employers cannot "lay off" workers. As a result they have goods that they cannot sell on the domestic market without driving down prices. To minimize losses, they sell goods such as steel and televisions in foreign markets at prices well below those in Japan. This is called
a. beggar my neighbor. b. helpfulism. c. strategic trade policy. d. dumping.
What happens to a resource as it becomes scarcer?
a. The price rises and this increases the future supply relative to demand. b. The price rises and this increases the future demand relative to supply. c. The price falls and this increases the future supply relative to demand. d. The price falls and this increases the future demand relative to supply.
Suppose total benefits and total costs are given by B(Y) = 100Y ? 8Y2 and C(Y) = 10Y2. What is the maximum level of net benefits (rounded to the nearest whole number)?
A. 139 B. 92 C. 78 D. None of the statements associated with this question are correct.