Which of the following institutions has the responsibility for producing the coins that are distributed in the United States?
A. the U.S. Treasury Department
B. the Federal Reserve System
C. the Office of the Comptroller of the Currency
D. the U.S. Mint
Answer: A
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Mr. Scrooge owns assets worth $100 million. The rate of return on his assets is 5 percent per year. Mr. Scrooge's wealth is ________, and his income is ________
A) $5 million a year; $100 million B) $100 million; $5 million a year C) $100 million; $105 million D) $5 million a year; $100 million a year
In the market for reserves, if the federal funds rate is above the interest rate paid on excess reserves, then an open market ________ the supply of reserves, raising the federal funds interest rate, everything else held constant
A) sale decreases B) sale increases C) purchase increases D) purchase decreases
The procedure used to calculate the present value of future income is called
a. indirect production. b. investment tax shelter planning. c. discounting. d. amortizing.
An increase in money demand would create a surplus of money at the original value of money
a. True b. False Indicate whether the statement is true or false