One of the roles of the Fed is to be the lender of last resort.
Answer the following statement true (T) or false (F)
True
The Fed is a lender of last resort because all other sectors rely on the functioning of the financial sector.
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There is a positive relationship between the demand for loanable funds and the real interest rate
Indicate whether the statement is true or false
What best describes the role of the United States in World War I?
a. The U.S. entered World War I as soon as it started. b. The U.S. was a neutral moderator throughout the war. c. The U.S. entered the war on the side of Russia and opposed Austria Hungary. d. U.S. business suffered severe financial losses during the war.
Higher prices may serve the public interest when
A. there is a shortage of goods or services available. B. there is an equal distribution of traffic on alternate routes. C. higher prices never serve the public interest. D. lower prices signal scarcity.
From the Cobb-Douglas production function we learn that there are two sources that help explain cross-country differences in per capita income: ________ and ________
A) capital; labor productivity B) labor share of income; TFP C) TFP; capital per person D) labor per person; capital E) none of the above