In the context of monetary policy, which of the following statements is true of the discount rate?
A. The Fed increases it during recessions.
B. When the Fed reduces it, interest rates on bank loans tend to fall.
C. When the Fed increases it, banks can obtain funds at a lower cost.
D. It is the interest rate that the Fed charges on its loans to individuals.
Answer: B
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A. to contribution B. to reimbursement C. of subrogation D. to compensation
Timothy Mayopoulos was not fired by Bank of America
Indicate whether the statement is true or false
____________________ establish a low tariff level on an initial quantity of the product being imported into the country but beyond an initial volume the tariff rate imposed on additional quantities imported escalates markedly.
(a) Tariff rate quotas (b) Voluntary export restraints (c) Countervailing duties
Which of the following is a requirement for an involuntary Chapter 7 bankruptcy petition?
A)The debtor must owe at least $150,000 in unsecured claims to the creditors who file. B)The debtor must have at least three creditors sign the petition if the debtor has 12 or more creditors. C)The creditors must have tried to help the debtor overcome the financial difficulties. D)The debtor must have a majority of the creditors file the petition.