The Fed is
A) shielded from political pressure.
B) officially independent from the federal government.
C) staffed by Congressmen who are biased toward monetary expansion.
D) responsible for minting coins and collecting taxes.
B
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A financial intermediary's main function is to match ________ with excess funds to ________ with a shortage of funds
A) firms; insurance companies B) savers; borrower C) borrower; savers D) governments; households
The U.S. government is an asset to the U.S. economy when it
(a) effectively serves its role as the agent that defines and protects private property rights. (b) taxes one group of individuals and redistributes that taxed income to another group. (c) permits special groups to secure legislative protection from foreign competition in the industries which they own, manage or work within. (d) does all of the above.