Which of the following bank assets would be categorized as secondary reserves?
A. Mortgage loans
B. Cash
C. Deposits at the Federal Reserve
D. U.S. Treasury bills
Answer: D
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The bid-asked spread is likely to be greater on securities that are
A) issued in larger denominations. B) have low market risk. C) less liquid. D) traded in a deep market.
Suppose that the Fed has decided to utilize the Taylor rule to implement monetary policy
If the actual federal funds rate target is presently below the level specified by the Taylor rule and has been lower then this level for several weeks, then this would be a signal that A) monetary policy is very expansionary. B) monetary policy is very contractionary. C) the Fed should halt efforts to target the money supply. D) the Fed should switch to targeting the money supply instead of the federal funds rate.
In the short run, the price level
a. will decrease if unit costs and markups both increase throughout the economy b. will remain stable if unit costs increase throughout the economy c. is unimportant in macroeconomics d. will increase if unit costs increase throughout the economy e. is determined by the Fed
The maximum amount of a good that may be imported during a specified period of time is
A) an infant industry agreement. B) an import quota. C) dumping. D) comparative advantage.