The law that established the Federal Reserve System is the _____
a. Federal Reserve Act of 1913
b. National Banking Act of 1863
c. Banking Act of 1933
d. National Banking Act of 1813
e. Federal Reserve Act of 1963
a
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The above table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. If real GDP is equal to $900 billion, then
A) aggregate planned expenditure is greater than real GDP. B) aggregate planned expenditure will need to decrease to reach the equilibrium. C) aggregate planned expenditure is less than real GDP. D) this is the equilibrium level of real GDP. E) aggregate planned expenditure is equal to real GDP.
Which of the following was a source of the U.S. federal government's financial revenue for World War II (1941–45)?
(a) Tariffs (b) Bond sales to other governments (c) Bond sales to the Federal Reserve System (d) Bond sales to the U.S. Congress
Bank A has $25,500 in required reserves. The required reserve ratio is 10 percent. Bank A has checkable deposits of
A) $2,550. B) $255,000. C) $2,550,000. D) $25,500.
The method of least squares
A. minimizes the distance between the population regression line and the sample regression line. B. can be used to estimate the slope parameters of a linear equation. C. can be used to estimate the explanatory variables in a linear regression equation. D. all of the above