Money in the U.S. is essentially debt of:
A. Businesses and the banks
B. The Federal Reserve System and the banks
C. The national and local governments
D. Businesses and the Federal Reserve System
B. The Federal Reserve System and the banks
Economics
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Pegging a country's exchange rate to the dollar can be advantageous if
A) investors believe the dollar to be more stable than the domestic country's currency. B) a country wishes to conduct independent monetary policy. C) imports are not a significant fraction of the goods the country's consumers buy. D) the country does not trade much with the United States.
Economics
The "trickle down" theory is based on the notion of multiplier effects
Indicate whether the statement is true or false
Economics