Which of the following is not a function of the Federal Reserve System?
A) to clear checks
B) to supervise member banks
C) to serve as the lender of last resort
D) to handle the sale of U.S. Treasury securities
E) to serve as the government's tax collector
E
You might also like to view...
People in a certain group have a 0.3% chance of dying this year
If a person in this group buys a life insurance policy for $3,300 that pays $1,000,000 to her family if she dies this year and $0 otherwise, what is the expected value of a policy to the insurance company? A) $0 B) $300 C) $3,000 D) $3,300
According to the article, ________ are expected to contribute ________ to China's real GDP in 2008
A) exports and consumption; positively B) consumption and government spending; negatively C) exports and investment; negatively D) rental income and investment; negatively
Which of the following is a measure of political globalization (one of the three categories used by the KOF Swiss Economic Institute)?
a. Participation in U.N. peace missions b. Spread of ideas c. Flow of information d. Limits on externalities e. Progressive taxation
Exhibit 17-3 Aggregate demand and aggregate supply curves
As shown in Exhibit 17-3, if people behave according to adaptive expectations theory, an increase in the aggregate demand curve from AD1 to AD2 will cause the economy to move:
A. from E1 to E2 initially and then eventually move back to E1. B. directly from E1 to E2 and then remain at E2. C. directly from E1 to E3 and then remain at E3. D. from E1 to E2 initially and then eventually move to E3.