Which of the following is an asset of the Fed?
A) Mortgage-backed securities
B) currency
C) reserves of depository institutions
D) Both answers B and C are correct.
A
Economics
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Which of the following might cause the inflation rate to spike up sharply?
(A) Prices on world oil markets rise steeply due to war in the Middle East. (B) Plentiful rainfall and moderate temperatures result in good harvests of wheat and soybeans. (C) The purchasing power of the average consumer decreases due to a sluggish economy. (D) The items in the CPI market basket change to account for changing consumer buying habits.
Economics
The so-called wealth effect will result in households:
A. Spending more and saving less B. Spending less and saving more C. Spending less and saving less D. Spending more and saving more
Economics