The central bank of the United States is the:
A) First American Bank.
B) Federal Reserve.
C) Federal Deposit Insurance Corporation.
D) U.S. Treasury.
B
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If the money supply in an economy is $100,000, currency in circulation is $50,000, amount in savings accounts is $18,000, travelers' checks is $12,000, and the amount in money market accounts is $9,000,
then what is the amount held in checking accounts in the economy?
When transactions costs are low, private actions to correct externalities are usually feasible
a. True b. False
We say that a countrycompletely specializes in production when it spends all of its resources producing:
A. a particular good. B. those goods it has an absolute advantage in producing. C. only what other countries need. D. what it can make more of than anyone else.
List and explain the two phases and two turning points of the business cycle
What will be an ideal response?