The primary source of revenue for the Federal Reserve is
a. the interest earned on the bonds held by the Fed.
b. its annual appropriation from Congress.
c. the interest earned on discount loans to banks.
d. the dividends earned on the stocks held by the Fed.
A
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When the price of a good is higher than the equilibrium price, a. a shortage will exist
b. buyers desire to purchase more than is produced. c. sellers desire to produce and sell more than buyers wish to purchase. d. quantity demanded exceeds quantity supplied.
A "rational terrorist" will react to the increased security at U.S. airports by
A. attacking U.S. airports. B. attacking other highly-defended targets. C. ending all attacks. D. attacking other high value U.S. interests outside the U.S.
The formula for MC is
A. ?TVC/q. B. q/TVC. C. ?TVC/?q. D. TVC/q.
What is the central bank of the United States?
A) There is no central bank in the United States. B) The Department of Treasury C) The Federal Reserve System D) The U.S. Mint E) Each state has its own central bank, which, when all taken together, constitute the central bank of the United States.