Answer the following questions true (T) or false (F)
1. The Federal Reserve System is comprised of the Board of Governors in Washington, D.C. and ten district banks located throughout the country.
2. The current Chair of the Board of governors is Paul Volker.
3. Business cycles reflect periods of recession and contraction.
1. FALSE
2. FALSE
3. FALSE
Economics
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A rise in the value of a currency is called a(n)
A) consolation. B) integration. C) appreciation. D) depreciation.
Economics
Jimmy Earl, a farmer, sells $20 worth of peanuts to a factory that manufactures peanut butter, which sells it for $45 . Which of the following is true?
a. Total value added is $65 b. The value of final sales is $65. c. The value of final sales is $25. d. Total value added is $25. e. Total value added is $45.
Economics