Which of the following products allows the seller to identify different groups of consumers (segment the market) at virtually no cost?

In the short run, when the Fed increases the federal funds rate,

A) the real interest rate rises and investment does not change. B) the real interest rate is unaffected but investment still decreases. C) the real interest rate rises and investment decreases. D) there is no effect on investment because investment depends on the real interest rate. E) the real interest rate falls and investment increases.

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