Which of the following is NOT a role of Federal Reserve Banks?

A) conduct discount lending
B) serve on the FOMC
C) set the interest rate on reserves
D) manage check clearing in the banking system

C

Economics

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The ability to produce a good at a lower opportunity cost than another producer is called

A) absolute advantage. B) comparative advantage. C) specialization. D) protectionism.

Economics

In a competitive economy, the questions of what, how, and for whom to produce tend to be regulated by

a. the government. b. businessmen. c. the price system. d. workers.

Economics