Economists hold many positions advising the president and Congress including
a. being a member of the Council of Economic Advisers.
b. helping to enforce antitrust laws at the Department of Justice.
c. conducting research at the Congressional Budget Office.
d. All of these are possible positions that economists hold.
d
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For a bank to have lending power, its required reserves must:
a. be smaller than its legal reserves. b. exceed its legal reserves. c. be smaller than its excess reserves. d. exceed its excess reserves. e. exceed its vault cash.
As a result of the Monetary Control Act of 1980:
A. there was less competition among various financial institutions. B. fewer institutions were permitted to offer checking account services. C. savings and loan associations were restricted to offering long-term loans. D. savings and loans paid higher interest rates on short-term deposits to compete for customers.