The Fed cannot predict the effects of open market operations with perfect accuracy because of
a. changes in people's desires for cash.
b. foreigners desire to hold U.S. dollars.
c. banks' desires to hold excess reserves.
d. All of the above are correct.
d
Economics
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Which of the following is a major argument of trade optimists?
(a) Industrial policy can increase productivity of developing country manufacturing efficiency. (b) New synthetic substitutes are constantly being discovered and improved. (c) Developing country efficiency would improve with trade liberalization. (d) All of the above.
Economics
The legislation that overturned the prohibition on interstate banking is
A) the McFadden Act. B) the Gramm-Leach-Bliley Act. C) the Glass-Steagall Act. D) the Riegle-Neal Act.
Economics