The Federal Reserve desires interest rate stability because
A) it allows for less uncertainty about future planning.
B) interest rate volatility often leads to demands to curtail the Fed's power.
C) it guarantees full employment.
D) both A and B of the above.
D
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Spencer's gross pay for the week is $1,600
Spencer's yearly pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Spencer's year-to-date pay has not yet exceeded the $7,000 cap. What is the amount of state and federal unemployment tax that his employer must record as payroll tax expense and pay to the federal and state governments? A) $225.84 B) $215.20 C) $119.20 D) $96.00
A bond dealer sells at the _____ price and buys at the _____ price.
A. clean; dirty B. dirty; clean C. bid; asked D. asked; bid E. asked; asked