Money market mutual funds are accounts that are
a. usually offered by banks.
b. do not pay interest income.
c. insured by the federal government.
d. usually offered by brokerage and insurance firms.
d
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Discouraged workers and marginally attached workers are
A) counted as employed by the BLS but are not part of the labor force. B) counted as employed by the BLS and are part of the labor force. C) counted as unemployed by the BLS and are part of the labor force. D) not part of the labor force. E) counted as unemployed by the BLS but are not part of the labor force.
The net worth of a bank is defined as the difference between
A. income and expenses. B. assets and liabilities. C. loans and deposits. D. loans and reserves.
The Fed conducts an open-market purchase of Treasury bills of $10 million. If the required reserve ratio is 0.10, what change in the money supply can be expected using the oversimplified money multiplier?
A. $100 million B. $10 million C. 0 D. ?$10 million E. ?$100 million
The biggest single transfer program at the federal level is Social Security.
Answer the following statement true (T) or false (F)