The Fed is the bankers' bank. What functions of the Fed are involved in this role? What are the other important functions of the Fed?
What will be an ideal response?
The Fed holds reserves of banks, lends to banks when their reserves are low, and provides a system for check collecting and clearing. Other important functions include providing fiduciary currency, acting as the government's fiscal agent, supervising member banks, and regulating the money supply.
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Over the post-war era, poorer countries grew
A) faster. B) slower. C) stayed the same. D) grew faster, then grew slower. E) No general tendency can be found.
If economic losses exist in a monopolistically competitive market,
a. new products will be introduced. b. new firms will enter the market because they see potential for profit in the future. c. firms will exit the market and the existing firms' demand curves will shift to the left. d. the average total cost curve must lie below the demand curve. e. firms will exit the market and existing firms' demand curves will shift to the right.