Which of the following is TRUE of the Federal Reserve System?I.It was established in the early 1980s.II.It serves as the central bank of the United States.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
Answer: B
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Refer to the scenario above. What is the future value of John's deposit after three years?
A) $2,590.06 B) $2,660.32 C) $2,708.08 D) $2,990.54
A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future
Indicate whether the statement is true or false
Using the equation of exchange, what is nominal GDP if the money supply is $5 trillion and the velocity of money is 4?
a) $10 trillion b) $20 trillion c) $30 trillion d) $40 trillion
The free-rider problem occurs for:
A. private goods and public goods. B. private goods but not public goods. C. public goods but not private goods. D. neither public nor private goods.