The interest on excess reserves is:
A. unrelated to the federal funds target rate range.
B. the target federal funds rate.
C. the lower bound of the federal funds target rate range.
D. the upper bound of the federal funds target rate range.
Answer: D
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Use the following table to answer the question below. Jorge's Production Possibilities SchedulePounds of Green BeansPounds of Corn03202024040160608080 0Jorge's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn.
A. 1/4 B. 4 C. 1 D. 2
In the United States decisions to increase interest rates are made by ________ and decisions to increase taxes are made by ________.
A. Congress; the Federal Reserve B. the Federal Reserve; the Federal Reserve C. the Federal Reserve; Congress D. Congress; Congress
Which of the following firms is in an oligopoly?
A. Verizon (a cellular phone company) B. United Airlines (an airline company) C. Marlboro (a cigarette manufacturer) D. All of these are in an oligopolistic market structure.
The principle of vertical equity is satisfied when _____
a. individuals with a greater ability to pay have higher taxes than individuals with a lower ability to pay b. individuals receiving higher benefits from a government program pay higher taxes than those receiving lower benefits c. taxes increase as family size increases d. taxes on higher income individuals are more efficient than the taxes on lower income individuals