The Fed is often considered the bankers' bank because it:
A. demands much more currency than it has available.
B. no longer has a monopoly on printing paper currency.
C. lowers the discount rate in order to restrict the money supply.
D. holds bankers reserves, provides banks with currency and loans, and clears their checks.
Answer: D
You might also like to view...
Scott used $4,000,000 from his savings account that paid an annual interest of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000 . His accounting profits is:
a. $300,000 b. $100,000 c. $80,000 d. $20,000
The primary purpose of WTO is to:
a. protect the United States from cheap foreign labor. b. foster trade among nations. c. promote the dumping of foreign products. d. increase worldwide tariffs. e. form a union of European nations.
A matrix is a network of unrelated companies trying to jointly capture economies of scale
Indicate whether the statement is true or false
The classical model predicts the real GDP will always be
a. rising. b. falling. c. equal to its full-employment level. d. constant. e. equal to its full-taxation level.