The required reserve ratio for a bank is set by:
a. Congress.
b. the bank itself.
c. the Treasury Department.
d. the banking system.
e. the Federal Reserve.
e
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If the yield curve has a mild upward slope, the liquidity premium theory (assuming a mild preference for shorter-term bonds) indicates that the market is predicting
A) a rise in short-term interest rates in the near future and a decline further out in the future. B) constant short-term interest rates in the near future and further out in the future. C) a decline in short-term interest rates in the near future and a rise further out in the future. D) a decline in short-term interest rates in the near future and an even steeper decline further out in the future.
During the off season, a fruit picker did not work, so he should be considered:
a. cyclically unemployed. b. frictionally unemployed. c. structurally unemployed. d. seasonally unemployed. e. naturally unemployed.