The interest rate that the Fed charges banks that borrow reserves from it is the
a. federal funds rate
b. discount rate
c. reserved rate
d. investment rate
e. check rate
B
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Is every product produced in the United States included in U.S. gross domestic product?
What will be an ideal response?
The benefit to employers of deferred-payments is that
A) adverse selection is eliminated. B) employers cannot engage in any opportunistic behavior. C) these payments raise the cost of being fired, so more monitoring is needed. D) these payments raise the cost of being fired, so less monitoring is needed.
Any cost that is imposed without compensation on someone other than the person who caused it is called:
A. private cost. B. social cost. C. external cost. D. network cost.
If depositors become worried about the safety of their deposit accounts, they may trigger a
a. deposit surplus. b. bank run. c. fiscal policy crisis. d. required reserve increase.