Which of the following is NOT a monetary policy tool?
A) last resort loans
B) open market operations
C) required reserve ratio
D) federal funds rate
D
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The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, what area is equal to the deadweight loss?
A) area A B) area B C) area C D) area D E) area E
If the demand and supply curves are described by the following equations P = a - bQ and P = c + dQ, respectively, the equilibrium price is P* = (ad + bc) / (b + d)
Indicate whether the statement is true or false
Suppose you borrow $500 and agree to pay this $500 plus $75 of interest at the end of a year. The interest rate is:
A. 10 percent. B. 15 percent. C. 12.5 percent. D. 7.5 percent.
The total gains from trade within a price system is
A. the area beneath the market demand curve and above the market clearing price plus the area above the market supply curve and beneath the market clearing price. B. always equal to zero. C. the area beneath the market demand curve and above the market clearing price minus the area beneath the market supply curve and beneath the market clearing price. D. the area beneath the market supply curve and above the market clearing price plus the area above the market demand curve and beneath the market clearing price.