If a bank receives a $1 million discount loan from the Federal Reserve, then the bank's reserves will
A) not change.
B) increase by $1 million.
C) increase by less than $1 million.
D) increase by more than $1 million.
Answer: B
You might also like to view...
In the figure above, point A is undesirable because
A) there is an inefficient use of resources. B) too much health care is being produced. C) the opportunity costs of health care is too high. D) point E is a more realistic option in this economy.
One difficulty with the idea of comparable worth is that
a. it does not address the idea of compensating wage differentials b. it would reduce the federal budget deficit c. it would cause aggregate wages to fall d. a government agency cannot accurately evaluate the many different characteristics of jobs e. it would not take into account differences in the supply of labor among firms
The government's budget accounts for about 80 percent of GDP in the United States
a. True b. False Indicate whether the statement is true or false
James earns income of $90,000 per year. His average tax rate is 40percent. James paid $5,500 in taxes on the first $40,000 he earned. What was the marginal tax rate on the rest of his income?
a. 6.1 percent b. 44 percent c. 55 percent d. 61 percent