Usually, a commercial bank's depositors and its owners are the same individuals
a. True
b. False
Indicate whether the statement is true or false
False
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A retailer cannot sell Campbell Soup if it also sells other brands of soup. This is an example of:
a. resale price maintenance. b. price discrimination. c. a tying agreement. d. exclusive dealing.
The largest single portion of state and local budgets is devoted to
a. State and local defense. b. Health and public welfare programs. c. State and local unemployment compensation. d. Education. e. Interest payments on state and local debt.
The immediate impetus for the establishment of the Federal Reserve System came from
a. severe outbreaks of inflation in the early 1900s. b. four severe banking panics between 1873 and 1907. c. the discovery of gold in Alaska. d. the desire to copy the founding of the Bank of England.
The rate at which the Fed lends money to banks is
a. the prime rate. b. fixed at 4%. c. the federal funds rate. d. the discount rate.