Which of the following is true about the chairman of the Federal Reserve Board of Governors?
A. The chairman is elected by the Fed regional bank presidents.
B. The chairman serves a 21-year term.
C. A new chairman is elected as soon as a new U.S. president takes office.
D. The chairman can be reappointed for more than one term.
D. The chairman can be reappointed for more than one term.
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A commercial bank's last resort for borrowing reserves is from the:
A) discount window. B) central government. C) federal funds market. D) foreign banks.
Compared with generic products, a brand name:
a. reduces the price elasticity of demand and gives a firm more market power. b. increases the price elasticity of demand and gives a firm more market power. c. increases the price elasticity of demand and gives a firm less market power. d. reduces the price elasticity of demand and gives a firm less market power. e. has no effect on price elasticity of demand or market power.