All of the following are functions of the Federal Reserve System EXCEPT
A) to provide loans to developing countries. B) to act as the government's fiscal agent.
C) to supply the economy with fiduciary currency. D) to hold depository institutions' reserves.
A
Economics
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One difference between a monopoly and a competitive firm is that
A) a monopoly is a price taker. B) a monopoly maximizes profit by setting marginal revenue equal to marginal cost. C) a monopoly faces a downward sloping demand curve. D) None of the above.
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All types of unemployment are harmful to the economy
a. True b. False
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