The three largest Federal Reserve banks (New York, Chicago, and San Francisco) combined hold more than ________ percent of the assets of the Federal Reserve System

The magnitude of the tax multiplier is ________ the magnitude of the government expenditure multiplier

A) greater than B) equal to C) smaller than D) the inverse of E) exactly one half

The Fed:

a. has little control over the money supply. b. serves as the central bank for the United States. c. often uses a mix of lower taxes in its fiscal policy. d. ensures commercial bank profitability.