Most of the key decisions of the Federal Reserve are actually made by its Federal Open Market Committee

A US commercial bank can lend 100% of its excess reserves

a. true b. false

The Coase theorem states that, in the presence of cost externalities, an optimal equilibrium can be attained

A) with government taxation. B) by prohibiting production. C) by correctly defining property rights and through negotiation between the parties. D) None of the above