The discount rate is the interest rate that
A) commercial banks charge their customers.
B) commercial banks charge each other for the loan of reserves.
C) the Fed charges the government for loans.
D) the Fed charges commercial banks when it loans reserves to the banks.
E) the Fed pays commercial banks on their reserves held at the Fed.
D
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The Bretton Woods agreement was reached
a. immediately after the Civil War b. just before World War I c. just after World War I d. just after the Great Depression e. toward the end of World War II
Which of the following is not potentially a barrier to entry into the widget market?
A. Patent protection on the design of widgets B. High prices for widgets C. Government licensing of widget producers D. Massive advertising by existing widget producers
The Phillips curve explains the trade-off between inflation and unemployment
a. True b. False Indicate whether the statement is true or false
If the number of South Korean Won it takes to buy a U.S. dollar rises and the prices of U.S. goods rise more than the prices of South Korean goods. then the US real exchange rate
a. appreciates and so U.S. net exports fall. b. appreciates and so U.S. net exports rise. c. depreciates and so U.S. net exports fall. d. depreciates and so U.S. net exports rise.