The savings rate designates:
A) the difference between household consumption and savings.
B) the difference between government revenue and government expenditure.
C) the rate of return households earn on their savings.
D) the fraction of income that households save.
D
Economics
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Goldsmiths who issued receipts for the customer deposits of gold or silver coins were probably the originators of
A) money. B) paper money. C) seignorage. D) Federal Reserve notes.
Economics
A reduction of the discount rate by the Federal Reserve Banks has the direct effect of
A) making it less costly for commercial banks to borrow from the Fed. B) making it more costly for the Treasury to finance deficits. C) increasing commercial bank reserves. D) increasing the stock of money. E) doing all of the above.
Economics