What is true about the Federal Reserve System?
a. The Fed prints US currency and investigates counterfeit currency cases
b. The Fed accepts deposits from and makes loans to commercial banks
c. The Fed is a lender of last resort for high-poverty small businesses
d. There are 21 Federal Reserve Banks across the US
Ans: b. The Fed accepts deposits from and makes loans to commercial banks
Economics
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If people's incomes decrease, their demand for other currencies shifts to the right
Indicate whether the statement is true or false
Economics
In the national income accounts, new investment goods are considered
a. intermediate goods, and therefore, not counted. b. final goods. c. subtractions from final output. d. depreciated goods
Economics