The Federal Reserve banks clear checks between private banks, hold bank reserves, provide currency for banks, and make loans to private banks.
a. true
b. false
a. true
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Which of the following have their profits taxed twice?
a. sole proprietorships b. partnerships c. corporations d. nonprofit institutions e. S-corporations
A number of firms who collude to make collective production decisions about quantities or prices is called:
A. a cartel. B. a duopoly. C. market power. D. a joint monopoly.
If for some reason Americans wished to purchase more foreign assets, then other things the same
a. both the real exchange rate and the quantity of dollars exchanged in the market for foreign-currency exchange would fall. b. both the real exchange rate and the quantity of dollars exchanged in the market for foreign-currency would rise. c. the real exchange rate would rise and the quantity of dollars exchanged in the market for foreign-currency would fall. d. the real exchange rate would fall and the quantity of dollars exchanged in the market for foreign-currency would rise.
The U.S. National Debt: A Historical Perspective
What will be an ideal response?