Which of the following is not a financial intermediary?
a. a federally-chartered bank
b. a state-chartered bank
c. a savings and loan association
d. a credit union
e. the Federal Deposit Insurance Corporation
E
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An open market sale of bonds by the Federal Reserve will lead to an increase of reserves in banks
Indicate whether the statement is true or false
In states where the government runs liquor stores, the monopoly results from
A) economies of scale. B) legal restrictions. C) control of an essential resource. D) patents. E) public fear.
Suppose we have the following information about a shoe manufacturer: wages $100,000, sales $500,000, taxes $50,000, loan interest $10,000, leather purchases $170,000, rubber purchases $130,000
What is the contribution of this manufacturer to GDP using the income approach? A) $500,000. B) $300,000. C) $200,000. D) $40,000.
Which of the following actions by the Fed would increase the money supply?
a. Reducing the required reserve ratio. b. Selling government bonds in the open market. c. Increasing the discount rate. d. None of these.