The 12 regional Federal Reserve Banks
A. are not allowed to make loans to banks in their districts.
B. regulate banks in their districts.
C. have more voting members on the FOMC than does the Board of Governors.
D. are each headed by a member of the Board of Governors.
Answer: B. regulate banks in their districts.
Economics
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In the simple Keynesian model of the determination of income, planned investment is
A) an endogenous parameter. B) autonomous and thus an exogenous parameter. C) explained by the model of income determination. D) None of the above.
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A tariff on a good increases the domestic price of the good, increases domestic production of the good, reduces the amount of the good sold, and decreases imports of the good
a. True b. False Indicate whether the statement is true or false
Economics