The Bank of the United States did not:
a. act as a lender of last resort.
b. help collect customs bonds.
c. carry on foreign exchange operations.
d. hold most of the U.S. Treasury deposits.
e. The Bank of the United States engaged in all of these activities.
e. The Bank of the United States engaged in all of these activities.
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Linesha, a college student working part-time received a wage increase. An avid movie buff, she increased her purchases of Blu-ray discs and reduced her purchases of DVDs. Based on this information
A) DVDs and Blu-ray discs are substitutes. B) the cross-price elasticity between DVDs and Blu-ray discs is negative. C) DVDs and Blu-ray discs are normal goods. D) Blu-ray discs are normal goods and DVDs are inferior goods.
The low interest rate policies of the Federal Reserve during 2002-2004,
a. indicated that monetary policy was highly restrictive. b. increased the demand for housing, placing upward pressure on housing prices. c. made home mortgages less attractive, weakening the demand for housing. d. was on target with the federal funds rate proscribed by the Taylor rule.