Member banks of the Federal Reserve System include:
A. nationally chartered banks and all state chartered banks.
B. only nationally chartered banks.
C. all state chartered banks with assets exceeding $100 million.
D. nationally chartered banks and state chartered banks that decide to join.
Answer: D
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The following data represent a personal income tax schedule. Answer the next question on the basis of this information.Taxable IncomeTotal Tax$15,000$1,50030,0003,50060,0009,000120,00025,000If income increases from $15,000 to $30,000, the marginal tax rate is
A. 10.0%. B. 18.3%. C. 13.3%. D. 26.6%.
An increase in aggregate demand is shown by
A) a movement up along the aggregate demand curve. B) a leftward shift in the aggregate demand curve. C) the movement down along the aggregate demand curve. D) a rightward shift in the aggregate demand curve.
Voters have an incentive to become informed about political issues because the individual's vote is likely to affect the outcome
a. True b. False
If the Fed buys more bonds from the public, then the money supply will:
A. Decrease and the aggregate demand curve will shift to the right. B. Increase and the aggregate demand curve will shift to the right. C. Increase and the aggregate demand curve will shift to the left. D. Decrease and the aggregate demand curve will shift to the left.