Which of the following statements is true?
A. The prime rate is higher than the federal funds rate.
B. The federal funds rate is higher than the prime rate.
C. The prime rate is often the same as the discount rate.
D. The federal funds rate and the prime rate are often the same.
Answer: A
Economics
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Spending on new housing, which economists refer to as residential fixed investment, is included in the consumption expenditures component of GDP
Indicate whether the statement is true or false
Economics
Bank One has reserves of $100,000, government securities of $200,000, loans of $700,000, and checkable deposits of $800,000. If the desired reserve ratio is 10 percent, Bank One can make additional loans totaling
A) $0.00. B) $10,000. C) $20,000. D) $80,000. E) $100,000.
Economics