The seven members of the Board of Governors of the Federal Reserve are appointed by
A) Congress.
B) the Treasury Department.
C) the President.
D) leaders in the banking industry.
E) the Governors of the States.
C
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The introduction of a new currency is generally sufficient to achieve a permanent reduction in the inflation rate
a. True b. False Indicate whether the statement is true or false
Assume no price ceiling exists in a market. Then a price ceiling is established below the market equilibrium. What would result?
a. Surplus b. The exchange price c. Shortage d. Equilibrium
Along the 45° reference line
A. the relationship between consumption and income is represented. B. consumption expenditures equal saving. C. the average propensity to consume is represented. D. planned real expenditures equal real disposable income.
If we were to pay everyone exactly the same income
A) there would be a large amount of economic growth. B) there would be no incentive to invest in human capital. C) more people would seek an education. D) productivity would increase.