In what year was the Federal Reserve System created?
a. 1790
b. 1861
c. 1879
d. 1913
e. 1935
D
You might also like to view...
When the government increases the level of official reserves by $50 million, the change is recorded in the
A) capital and financial account. B) current account. C) official settlements account. D) official reserves account. E) foreign currency account.
For a perfect competitor, price equals
A) marginal revenue only. B) average revenue only. C) both average revenue and marginal revenue. D) neither marginal revenue nor average revenue.
A demand curve:
A. shows the relationship between price and quantity supplied. B. indicates the quantity demanded at each price in a series of prices. C. graphs as an upsloping line. D. shows the relationship between income and spending.
Tariffs and quotas are effective in protecting industry
A. but at very high cost per job saved. B. and at very low cost per job saved. C. but have not saved any jobs in the industries. D. and do not distort the economy in the process.