What is the name of the entity, composed of Federal Reserve district bankers, that consults on monetary policy?
A) The Federal Open Market Committee
B) The Federal Advisory Council
C) The Monetary Policy Council
D) The District Bank Committee
B
You might also like to view...
The highest tariff rates of the twentieth century in the United States arose as a result of which law?
A) the Robinson-Patman Act B) the Tariff of Abominations Act C) the Wheeler-Lea Act D) the Smoot-Hawley Act
Trade agreements made prior to WWII and prior to the establishment of GATT and its new guidelines, were based on which principle?
a. reciprocity b. nondiscrimination c. quota d. most favored nation
It is easier to sustain tacit collusion in an infinitely repeated game if:
A. the interest rate is lower. B. the present value of cheating is higher and the interest rate is lower. C. the present value of cheating is higher. D. there are more players in the game.
In response to an unanticipated tightening of monetary policy, the Fed funds rate ________ at first, then ________ after 6 to 12 months.
A. rises; returns most of the way to its original value B. falls; returns most of the way to its original value C. remains roughly unchanged; rises significantly D. remains roughly unchanged; falls significantly