Which of the following is a function of the Fed?
a. Printing foreign currency
b. Determining the level of government spending
c. Distributing welfare benefits
d. Administrating the Social Security fund
e. Ensuring that banks operate in a sound and prudent manner
e
Economics
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If a country produces only two goods, then it is not possible to have a comparative advantage in the production of both those goods
Indicate whether the statement is true or false
Economics
The money creation formula is oversimplified because it assumes that
a. every recipient of a bank loan will redeposit the proceeds in another bank. b. loan recipients will not take any of the proceeds in cash. c. every bank lends out all excess reserves. d. All of the above are correct.
Economics