List and describe five of the eight major functions or responsibilities of the Fed
The eight major functions or responsibilities of the Fed are: controlling the money supply, supplying the economy with paper money, providing check-clearing services, holding depository institutions' reserves, supervising member banks, serving as the government's banker, and serving as the lender of last resort, and handling the sale of U.S. Treasury securities.
You might also like to view...
Assume that the price elasticity of demand for gasoline is -0.06. If the government tax causes the price of gasoline to increase by 50 percent, what will be the decrease in the quantity of gasoline demanded?
A) 0.5 percent B) 3.0 percent C) 8.33 percent D) 50 percent
According to supply-side economists, lowering corporate income taxes
a. results in higher wages without creating higher levels of labor productivity b. creates greater income equality c. checks the expansion of real GDP and employment d. stimulates investment and spurs on economic growth e. is a disincentive to producers who rely on tax credit for investment