The central bank of the United States is known as the
A. Internal Revenue Service.
B. Federal Reserve System.
C. Federal Deposit Insurance Corporation.
D. Department of Commerce.
Answer: B
You might also like to view...
Suppose that you have saved $100 . You can spend it today or you can put it in your savings account for a year and earn 5% interest. What is the opportunity cost of spending the money today?
What will be an ideal response?
A large open economy's real interest rate will decrease if
A) the expected future marginal product of domestic capital rises. B) the expected future marginal product of foreign capital rises. C) there is a temporary positive domestic supply shock. D) there is a temporary negative domestic supply shock.
A binding price floor:
A. will cause quantity demanded to exceed quantity supplied. B. will cause quantity supplied to exceed quantity demanded. C. will increase total well-being. D. will set a legal maximum price in a market.
If dairy farmers use automatic milking machines instead of milking by hand, which economic question does their decision answer?
a. What to produce? b. How to produce? c. For whom to produce? d. Who has a comparative advantage in milking? e. What is the price of milk?