The Fed is a central bank and as such
A) does business only with the federal government.
B) provides banking services to banks but not individuals.
C) provides banking services to individuals and firms.
D) does business with international organizations such as the United Nations.
E) is where the Federal Government turns when it needs to borrow.
B
You might also like to view...
Suppose a new employee is promised a pension payment of $8000 in the twenty-fourth year after joining the firm. The current pension contribution is $2000 a year. Assuming a six percent rate of return, this pension plan is said to be
A) fully funded. B) partly funded. C) unfunded. D) fully vested.
Monopolistic competition is characterized by firms
A. producing differentiated products. B. producing where price equals marginal cost. C. making economic profits in the long run. D. producing at optimal productive efficiency.