What are the three books to which the FOMC has access and what information is included in each?
What will be an ideal response?
The greenbook contains a national economic forecast for the next two years. The bluebook contains projections of monetary aggregates and other information useful in providing context for alternative monetary policies. The beige book contains summaries of economic conditions in each district.
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The 1890 Sherman Antitrust Act makes it illegal for firms to:
a. raise prices in an attempt to increase profits. b. engage in tacit collusion. c. engage in price discrimination. d. behave together like a monopolist.
A call option is said to be "in the money" if
A) it is written on a Treasury bill or other money-market asset. B) it has increased in price since it was first written. C) the price of the underlying asset is currently greater than the strike price. D) the price of the underlying asset is currently greater than the strike price plus the option premium.