Considering the three branches that make up the Federal Reserve System, identify the corresponding branches that make up the Euro system. Be sure to state which part of the Euro system corresponds to which part of the Federal Reserve System.
What will be an ideal response?
The Euro system has a six member Executive Board, which would resemble the Board of Governors of the Federal Reserve System. The National Central Banks of the Euro system would resemble the twelve Regional Banks of the Federal Reserve System. The Governing Council of the Euro system, which is made up of the Executive Council and the governors of the central banks in the euro area, resembles the Federal Reserve's Federal Open Market Committee.
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The ability to control a scarce resource or input is a characteristic of perfect competition.
Answer the following statement true (T) or false (F)
Under a gold standard in which one dollar could be turned in to the U.S
Treasury and exchanged for 1/20th of an ounce of gold and one German mark could be exchanged for 1/100th of an ounce of gold, an exchange rate of ________ marks to the dollar would stimulate a flow of gold from the United States to Germany. A) 7 B) 6 C) 5 D) 4
A natural monopoly exists when, throughout the range of market demand,
a. average cost is increasing b. there are diseconomies of scale c. average cost is decreasing d. average cost is constant e. marginal cost exceeds average cost
A bank acts as _________________ between buyers and sellers.
A. an intermediary B. a negotiator C. an agent D. an interpersonal communicant