Larry is part of the Board of Governors that manages U.S. monetary policy. He has been elected by the President to serve a single 14-year term. In addition to setting the monetary policy, he is responsible for extending banking services to commercial banks. In this scenario, Larry is most likely part of the _____.

A. Federal Reserve
B. Department of Commerce
C. Bureau of Economic Analysis
D. U.S. Treasury


Answer: A

Business

You might also like to view...

This hardball tactic has many weaknesses, including its transparency. Negotiators can counter and deflate the tactic by openly stating what the negotiators are doing. Which hardball tactic does this describe?

A. the bogey B. the snow job C. chicken D. good cop/bad cop

Business

If the salesperson talks and the buyer only listens, ________ has occurred.

A. non-communication B. distortion C. noise D. one-way communication E. hard-sell communication

Business

What are the basic differences between sales promotion and advertising?

What will be an ideal response?

Business

Warrants exercisable at $15 each to obtain 25,000 shares of common stock were outstanding during a period when the average and year-end market price of the common stock was $30 . Application of the treasury stock method for the assumed exercise of these warrants in computing diluted earnings per share will increase the weighted-average number of outstanding common shares by

a. 5,000 b. 10,000 c. 11,000 d. 12,500

Business