The Board of Governors of the Fed consists of:
a. seven elected members
b. seven members appointed by the president.
c. a representative from each of the 12 district banks.
d. 12 elected members.
e. 12 members appointed by the president.
b
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A country exports the goods
A) for which its domestic prices are very high compared to the world prices. B) that the economy can produce the most of. C) that the economy can produce at relatively lowest opportunity cost. D) that it cannot sell domestically. E) in which it has a comparative disadvantage.
Which of the following represents a way in which multinational corporations can protect themselves from exchange rate risks?
A) forward markets B) futures markets C) currency options D) All of the above
In a perfectly competitive labor market, no individual firm's employment decision can affect the market wage because
a. union agreements prevent any firm from altering the wage rate b. each firm is ignorant of the market wage rate c. the demand for labor is a derived demand d. each firm hires a very small portion of the labor services available e. the wage rate is regulated by the government
Rent controls tend to _____ the housing supply and to _____ the rents that people in non-rent-controlled apartments pay.
Fill in the blank(s) with the appropriate word(s).