Reserve requirements are set by
A) the Secretary of Treasury.
B) the President.
C) Congress.
D) the Fed.
D
You might also like to view...
Joe sold gold coins for $1,000 that he bought a year ago for $1,000. He says, "At least I didn't lose any money on my financial investment." His economist friend points out that in effect he did lose money because he could have received a 3% percent return on the $1,000 if he had bought a bank certificate of deposit instead of the coins. The economist's analysis in this case incorporates the idea of
A. opportunity costs. B. imperfect information. C. marginal benefits that exceed marginal costs. D. normative economics.
Social Security payroll taxes are
A. proportional with a rate of 7.65 percent. B. indirect taxes. C. progressive because total taxes increase with income. D. regressive because the tax is not applied after reaching an income threshold.
The idea that some people engage in risky behavior due to the fact that they have good health care is known as
A) moral hazard. B) risk aversion. C) zero-sum game. D) risk-taking behavior.
Which one of the following is not a mixed economy?
A. United States B. China C. Japan D. All of the countries listed are mixed economies.