The Federal Reserve System provides banking services to ________ because ________
A) consumers and businesses; it is a central bank with responsibilities to the entire U.S. population
B) banks and businesses; it is a central bank with the primary purpose of regulating financial institutions and markets
C) commercial banks; it is a central bank with the primary purpose of regulating financial institutions and markets
D) no one; it is a central bank with the primary purpose of regulating financial markets
E) FDIC insured banks; they are the ones that have paid their membership fees and the only ones the U.S. central bank guarantees
C
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A market that will naturally end up with just one seller is a(n)
a. evolutionary monopoly. b. natural monopoly. c. competitive monopoly. d. entry barrier monopoly.
Exhibit 4-3 Supply and demand curves
In Exhibit 4-3, an increase in demand would cause a movement from which equilibrium point to another, other things being equal?
A. E1 to E2. B. E1 to E3. C. E4 to E1. D. E1 to E4.