The Federal Reserve System is the central bank of the United States.
Answer the following statement true (T) or false (F)
True
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An individual deposits a certain amount in a bank. The amount deposited is referred to as ________
A) interest B) principal C) installment D) time value of money
In the above figure, the axis break in the x-axis
A) reflects the fact that for the years covered in the figure, the unemployment rate was never less than 3 percent. B) shows that there is no relationship between inflation and unemployment. C) misleadingly shows that inflation has changed very little even though the unemployment rate has increased a great deal. D) implies that for the years covered in the figure, the inflation rate was always greater than 1 percent.
Most employees ________ pay taxes on the value of health insurance provided by employers, and most people ________ get a tax break when buying individual health insurance policies
A) do; do B) do not; do not C) do not; do D) do; do not
The members of the Federal Reserve Board of Governors serve
a. 6-year terms b. 4-year terms c. 10-year terms d. 14-year terms e. 2-year terms