The federal funds rate is the interest rate
a. the Federal Reserve charges for loans it makes to the federal government.
b. the Federal Reserve charges banks for short-term loans.
c. banks charge each other for short-term loans of reserves.
d. on newly issued one-year Treasury bonds.
c
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Are there many good substitutes for water?
A) No, because living creatures die without water. B) No, even though there are many substitute ways to obtain water. C) Yes, because water is recycled by nature. D) Yes, because water is used for so many different and trivial purposes. E) Yes, because water may be found in many forms other than its pure form.
A company does not need to know the price of each resource it employs if it wants to determine whether or not it is achieving
A) technological efficiency. B) economic efficiency. C) accounting efficiency. D) managerial efficiency.
A decrease in the real interest rate will
A) increase consumption and investment. B) increase consumption and reduce investment. C) increase saving and investment. D) decrease investment and government spending.
A society's decision to produce more tanks may require it to forgo production of some cars
a. True b. False Indicate whether the statement is true or false