The key financial institutions in the United States include all of the following EXCEPT
A) the U.S. Treasury
B) the Federal Reserve
C) commercial banks, pension funds, and insurance companies
D) government-sponsored mortgage lenders
A
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If you are faced with the choice of receiving $500 today or $800 6 years from today, you will be indifferent between the two possibilities if the interest rate is 8.148 percent
a. True b. False Indicate whether the statement is true or false
In 1999, the Eurozone was:
A) formed by all European countries to reduce tariffs. B) formed by 11 countries to adopt a new currency. C) formed by 21 countries to allow labor migration between countries. D) renamed the World Trade Organization.
The Federal Open Market Committee is made up of all of the following, except
A. the board of governors. B. the chairman of the board of governors. C. the president of the United States. D. the president of the Federal Reserve Bank of New York.
The vertical portion of the aggregate supply curve shows that at full employment an increase in the price level will:
A. not alter the economy's full-employment real GDP. B. increase the economy's full-employment real GDP. C. reduce the quantity of goods and services purchasers will demand. D. improve the overall efficiency of resource use.