The Board of Governors of the Federal Reserve System is responsible for
a. approving changes in the discount rate.
b. controlling monetary policy.
c. administering discount lending.
d. Both a and b
e. All of the above
A
You might also like to view...
Even though a high portion of the public debt is held by older and wealthy individuals or institutions, the debt is paid for by increased taxes on
A) only those holding the actual debt. B) purchasers of gasoline and luxury items. C) all taxpayers. D) those who invest in the stock market.
As relative prices in various industries change due to trade, the marginal product of the mobile resources used in the expanding industry __________, and the marginal product of the mobile resources used in the contracting industry __________.
a. rises; falls b. falls; rises c. remains the same; remains the same d. changes by exactly the same percentage; changes by exactly the same percentage