The Federal Reserve____
a. operates independently from Congress and the President
b. consists of representatives who are elected by the American people
c. is an agency of the US Treasury Dept, which falls under the Executive Branch of govt
d. all
Ans: a. operates independently from Congress and the President
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The quantity of loanable funds supplied increases if the ________, all other things remaining the same, because the ________
A) real interest rate falls; real interest rate is the opportunity cost of consumption B) real interest rate rises; real interest rate is the opportunity cost of saving C) real interest rate falls; real interest rate is the opportunity cost of saving D) real interest rate rises; cost of living is determined by the real interest rate E) real interest rate rises; real interest rate is the opportunity cost of consumption
The smaller the fraction of an investment financed by borrowing
A) the greater the potential return and the smaller the potential loss on that investment. B) the greater the potential return and potential loss on that investment. C) the smaller the potential return and potential loss on that investment. D) the smaller the potential return and the greater the potential loss on that investment.