The central bank of the United States is known as the
a. Internal Revenue Service.
b. Federal Reserve System.
c. Federal Deposit Insurance Corporation.
d. Department of Commerce.
b
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The prices of several essential goods in Agraria almost doubled over the last decade. In order to satisfy the voters, the government of Agraria introduced price controls. What is likely to happen after the introduction of these price controls?
What will be an ideal response?
Which of the following statements is false?
A. A corporate bond typically has face value of $1,000. B. Corporate bonds typically sell for a price that is equal to the bond's face value. C. The interest that corporate bonds pay is fully taxable. D. State and local governments issue municipal bonds.
The fact that Alice spends no money on travel:
A) implies that she does not derive any satisfaction from travel. B) implies that she is at a corner solution. C) implies that her MRS does not equal the price ratio. D) any of the above are possible.
If each bank in the United States had to keep 100 percent of checkable deposits as reserves, each $1 the Fed injected into new reserves could increase the money supply by: a. $1
b. $2. c. $100. d. $5. e. a penny.