The paper money or currency in the United States essentially represents a(n)
A. liability of the U.S. Treasury.
B. liability of the Federal Reserve System.
C. liability of commercial banks and savings institutions.
D. asset of the Federal government.
Answer: B
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Under earnings-sharing regulation, if a firm's profits ________ above a certain level, they must be shared with the firm's ________
A) rise; customers B) fall; customers C) rise; suppliers D) fall; suppliers E) rise; competitors
Whether the minimum wage is a binding price floor always depends upon whether the economy is in a recession
a. True b. False Indicate whether the statement is true or false
One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?
What will be an ideal response?
The trilemma refers to all the following EXCEPT:
a. a fixed exchange rate. b. international capital mobility. c. monetary policy autonomy. d. price controls.