The Federal Open Market Committee consists of
A. the president and the Board of Governors.
B. Congress people, Senators, and the Board of Governors.
C. the Secretary of the Treasury and the Board of Governors.
D. the Board of Governors and five district bank presidents.
Answer: D
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At a price of $10 in the above figure, there is
A) a surplus of 200 units. B) a shortage of 200 units. C) a surplus of 400 units. D) a shortage of 400 units.
If the U.S. government decreased its holdings of Mexican pesos, definitely
A) the capital and financial account would increase. B) the capital and financial account would decrease. C) there would be an increase in U.S. official reserves. D) there would be a decrease in U.S. official reserves.
Borrowers are ________ of loanable funds, and lenders are ________ of loanable funds
A) suppliers; demanders B) demanders; suppliers C) demanders; demanders D) suppliers; suppliers
Marginal revenue is the change in total revenue from selling one more unit of output
a. True b. False