List and explain the three subgroups of the Federal Reserve System
What will be an ideal response?
The 12 Federal Reserve banks are the regional banks from each of the 12 Federal Reserve districts. The Board of Governors of the Federal Reserve is the seven-person governing body of the Federal Reserve System. The Federal Open Market Committee decides on monetary policy, and consists of the seven members of the Board of Governors plus 5 of the 12 regional bank presidents.
You might also like to view...
________ will lead to an increase in the gross domestic product of a country, all other variables remaining constant
A) An increase in exports B) An increase in imports C) A fall in the expenditure incurred by the government D) A fall in the expenditure on investment goods
As a firm grows larger
A. economies of scale set in, then diseconomies of scale. B. diseconomies of scale set in, then economies of scale. C. economies of scale and diseconomies of scale set in at the same time. D. neither economies of scale nor diseconomies of scale set in.
If the price of "X" increases and you buy more "Y," then
A. "X" and "Y" are complements, and the price of "Y" will increase. B. "X" and "Y" are substitutes, and the price of "Y" will increase. C. "X" and "Y" are substitutes, and the price of "Y" will decrease. D. "X" and "Y" are complements, and the price of "Y" will decrease.
Which of the following is NOT a legal organization of a firm?
A) corporation B) partnership C) entrepreneurship D) proprietorship