Limits on the value of the assets that commercial banks can acquire relative to their capital is known as:

Complete the sentence. An entrepreneur advances a project only if the expected marginal benefit exceeds the expected marginal cost,

A) and so does a government bureaucrat. B) but a government bureaucrat advances a project only if the marginal cost exceeds the marginal benefit. C) but a government bureaucrat is in no position to determine the cost of his own action. D) but a government bureaucrat has no concern about the benefit of his own action.

The FOMC directive does not contain a target

A) growth rate for M1. B) growth rate for M2. C) growth rate for M3. D) federal funds interest rate.