The Federal Reserve is under the ultimate direction of the Congress of the United States because Congress can cut the budget of the Federal Reserve if the Federal Reserve Board of Governors does not follow the instructions of Congress.
Answer the following statement true (T) or false (F)
False
The Federal Reserve is financially self-sustaining and is independent from Congress.
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The demand for loanable funds comes from:
A. savings. B. households spending on nondurable goods. C. the government printing money. D. investment.
Which of the following is true?
A. Competitive markets that are free of government interference will efficiently price externalities. B. Nonmarket economies have historically created less environmental damage than market economies. C. Externalities are rare and in practice are not relevant to policy makers. D. Public institutions, private firms, and consumers all create externalities.
According to your textbook, the following is the prime cause of traffic congestion:
A) Population growth B) The American automobile industry C) Most roadway space is not priced. D) A lack of commitment to public transportation expansion
A mutual fund for which a fee is paid at the time of purchase is a:
a. no-load fund. b. face-end load fund. c. back-end load fund. d. fixed-end fund. e. front-end load fund.