In 2008, the Fed created a new policy tool called
A) federal funds zero-rate, which required the Fed to lower the rate to near zero percent.
B) open market operations, which required the Fed to buy securities from only the federal government.
C) quantitative easing, which required the Fed to pay interest on required reserves.
D) interest rate reductions, which allowed the Fed to lower interest rates paid to banks.
E) quantitative easing, which allowed the Fed to buy private securities as well as government securities.
E
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Mr. Frank, a foreman supervisor some 43 employees, was asked by his secretary to sign a form requesting additional supplies needed on the factory floor. He was not careless when he examined the form, but his secretary had cleverly arranged the signature line so that instead of signing a request form for supplies he signed a cheque payable to his secretary. What plea, if any, would be used to defend against her action on the cheque?
a. Mistake b. Illegality of object c. Rescission d. Non est factum e. Rectification
Economics
A) is a social science. B) is concerned with limited resources. C) is concerned with unlimited wants. D) All of the above are correct.