Federal Reserve district banks perform all of the following roles EXCEPT
A) managing checking clearing in the payments system.
B) performing regulatory functions.
C) setting the federal funds rate.
D) managing currency in circulation by issuing new Federal Reserve Notes.
C
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The ratio of non-performing loans to total loans is a measure of a bank's __________ risk
A) credit B) leverage C) interest rate D) liquidity
Which of the following World War I (1914–18) institutions reappeared in various forms during the Great Depression and/or World War II (1941–45)?
(a) The U.S. Grain Corporation (b) The War Industries Board (c) The United States Housing Corporation (d) All of the above
If the demand for a product increases in an increasing cost industry, as the market adjusts in the long run:
a. price will rise. b. the firm's per-unit cost will increase. c. the firm's per-unit cost will fall. d. the market price will return to its initial position.
Jamie's marginal utility from muffins and from doughnuts (in utils) is shown in the accompanying table. Jamie spends a total of $8 on muffins and/or doughnuts every morning. The price of each muffin is $2 and the price of each doughnut is $1.MuffinsPer DayMarginal UtilityPer MuffinDoughnutsPer DayMarginal UtilityPer Doughnut140220230415320510 If Jamie consumes 2 doughnuts a day, then what is her marginal utility per dollar spent on the second doughnut?
A. 15 B. 40 C. 10 D. 20