Which of the following is not performed by the Fed?
a. Holding member bank reserves on deposit
b. Making loans to member banks
c. Issuing bank notes
d. Serving as bankers to other banks
e. Holding deposits of households and firms
e
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Joseph starts driving with much less care after buying car insurance. His behavior is an example of ________
A) moral hazard B) a domino effect C) adverse selection D) herd behavior
The figure above shows the demand and cost curves for a single-price monopoly. The firm's economic profit equals
A) $0. B) $300. C) $100. D) $50.
In the figure above, the curve going through point A represents
A) an upward-sloping demand curve. B) the line of equality. C) the wage curve. D) the Lorenz curve.
An explanatory forecasting technique in which the analyst must select independent variables that help determine the dependent variable is called
A) exponential smoothing. B) regression analysis. C) trend analysis. D) moving average method.