Which of the following statements about the Fed is not true?
a. It serves as the bankers' bank for member banks.
b. It can, and on occasion does, control interest rates.
c. It uses open market operations to control the economy's money supply.
d. It changes the legal reserve requirement less frequently than it changes the discount rate.
e. It changes the legal reserve requirement more frequently than it changes the discount rate.
E
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Which of the following statements is true?
A) The government plays absolutely no role in economies characterized by communism. B) Competition among firms is likely to be higher in communist economies than in market economies. C) The government plays absolutely no role in economies characterized by market economies. D) Competition among firms is likely to be higher in market economies than in communist economies.
An example of human capital would be:
A. an office chair. B. a training session on Excel. C. Excel software. D. All of these are examples of human capital.
On December 29th, the cost of a skiing trip to Finse, Norway, was 6,500 krone. Two weeks later, the American dollar appreciated against the Norwegian krone. If the price of the trip in Norway remains the same, _____
a. an American skier living in Florida will now view this trip as cheaper compared to before b. an American skier living in Florida will now view this trip as highly expensive compared to before c. an American skier living in Florida will now view this trip as of the same value as before d. an American skier living in Florida will now value this trip less as compared to before e. an American skier living in Florida will no longer take this trip
When a firm acquires another,
A) the one acquired gains the most. B) the acquiring firm gains the most. C) both are better off together compared to being separate. D) none of these choices.