The members of Federal Reserve district bank boards of directors who are bankers are known as
A) Class A directors.
B) Class B directors.
C) Class C directors.
D) Class D directors.
A
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Bond prices and bond yields have a(n) ______________ relationship.
A. direct B. inverse C. independent D. positive
The demand for a specific brand of corn flakes cereal is likely to be:
A. very price elastic, because there are many close substitutes available. B. less price elastic, because there are many close substitutes available. C. very price elastic, because that specific brand is a unique product. D. less price elastic, because the specific brand is a unique product.
According to Coase,
A. externalities do not matter in truly competitive markets because people can always negotiate around them. B. people in competitive markets can never negotiate to overcome externalities. C. people in competitive markets often fail to overcome externalities because negotiating is costly. D. people in competitive markets can overcome the principal-agent problem if the agents negotiate well.
Which of the following lies primarily within the realm of macroeconomics?
A. a study of the demand for gasoline B. a study of how tax cuts stimulate aggregate production C. an analysis of supply and demand conditions in the electricity market D. a study of the impact of "mad cow" disease on the price of beef worldwide