Answer the following statement(s) true (T) or false (F)
1. The Federal Reserve System has twelve district banks.
2. The board of governors of the Federal Reserve System has eleven members appointed by the president of the United States.
3. The president appoints the chairman of the Federal Reserve Board every four years.
4. The Federal Reserve System only has one function: control the size of the money supply.
5. If the FOMC decides to purchase T-bills it expands the money supply, but if it decides to sell these T-bills to individual investors it will shrink the money supply.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
You might also like to view...
Describe philanthrocapitalism
What will be an ideal response?
When a firm's expert lacks public speaking skills, all of the following are appropriate options EXCEPT ________
A) training the expert on public speaking techniques B) presenting the expert's ideas as those of another employee C) asking the expert to write an article rather than presenting a speech D) making and editing a video of the expert speaking without a live audience E) assigning another person to present the expert's material in front of an audience
Discuss the ways in which toxic wastes are regulated internationally by the 1989 Basel Convention
What will be an ideal response?
Alberto was attending a concert at Parker Hall. During the concert Alberto had leave his seat to go to the washroom. There was some construction going on in the hallway outside the washroom, and Alberto tripped on a loose tile, injuring himself. Because it was fairly dark, he didn't see the sign warning patrons to watch their step. Alberto sues Parker Hall for negligence. Which of the following is TRUE?
A) The defendants complied with the standard of care by warning patrons of the danger. B) Alberto voluntarily assumed the risk of an accident by going to the bathroom in the dark. C) The premises were not reasonably in safe in the circumstances. D) The defendants did not take reasonable care to make the premises safe E) Both C and D.