Changes in reserve requirements are made within legal limits by
a. the Federal Open Market Committee.
b. Federal Reserve Banks.
c. member banks of the Fed.
d. the Board of Governors.
d. the Board of Governors.
Economics
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An increase in the money supply shifts the LM curve to the right, causing the interest rate to ________ and output to ________, everything else held constant
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Economics
Absolute advantage is based on opportunity cost
a. True b. False
Economics
How does a firm that is losing money in the short run decide whether to shut down or continue to produce to minimize its losses?
What will be an ideal response?
Economics
Which of the following is an example of income?
a. labor b. rent c. capital d. land
Economics