To make sure that no one group could dominate the direction of monetary policy, the 1913 Federal Reserve Act diffused power in all of the following ways except
A) geographically.
B) between the public and private sectors.
C) internationally.
D) within the government.
C
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An increase in the interest rates in a country:
A) reduces net exports. B) does not affect net exports. C) increases net exports. D) results in a an outflow of capital from the country.
The level of aggregate output and income where there is a balance between spending and production decisions and where the economy moves toward is called:
A) disequilibrium level of output and income. B) equilibrium level of output and income. C) disequilibrium level of employment. D) none of the above.
The office of the Federal Reserve Bank of New York charged with implementing Federal Reserve open market policy actions is known as the
A) Open Market Coordination Office. B) Open Market Cooperation Office. C) Response Desk. D) Trading Desk.
A dividend is:
A. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. B. a financial asset that represents partial ownership of a company. C. a payment made periodically to all shareholders of a company. D. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate.