The 12 Federal Reserve Banks can best be characterized as:
A. central banks, banker's banks, and quasi-public banks.
B. investment banks, banker's banks, and public banks.
C. national banks, quasi-public banks, and investment banks.
D. regional banks, public banks, and member banks.
Answer: A
Economics
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The Keynesian perspective focuses on the demand-side of the economy;
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Relative to a perfectly competitive market, a monopoly results in
A) a gain in producer surplus equal to the gain in consumer surplus. B) a gain in producer surplus equal to the loss in consumer surplus. C) greater economic efficiency. D) a gain in producer surplus less than the loss in consumer surplus.
Economics