When the Federal Reserve system was being created, some people thought that there should be as few district banks as possible to enhance efficiency and for ease of operation
Indicate whether the statement is true or false
True
Economics
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Primary liabilities of the Federal Reserve include
a. Federal Reserve notes. b. U.S. government securities. c. loans to banks. d. reserve deposits by banks. e. Both a and d
Economics
The substitution effect can be measured holding ________ constant
A) income B) utility C) the price of one good D) the price of all goods
Economics