The Federal Open Market Committee:
A. makes decisions that influence the nation's fiscal policy.
B. reports directly to Congress.
C. makes decisions that affect excess reserves available to banks.
D. determines who may buy and sell government bonds.
Answer: C
Economics
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A market with few entry barriers and with many firms that sell differentiated products is
A) purely competitive. B) a monopoly. C) monopolistically competitive. D) oligopolistic.
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Frictional unemployment
a. would be eliminated if the economy were more stable. b. would be eliminated if the minimum wage were raised. c. is the result of workers' skills not matching the jobs available. d. is present even when labor markets are working well.
Economics