The Board of Governors has

A) seven members appointed to 14-year terms.
B) 14 members appointed to 10-year terms.
C) four members appointed to seven-year terms.
D) 14 members appointed to four-year terms.
E) seven members appointed for life.

A

Economics

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A bank receives a demand deposit of $3,000 . The bank loans out $1,800 of this deposit and increases its excess reserves by $300 . What is the required reserve ratio?

a. 10% b. 30% c. 40% d. 60%

Economics

The term economists use to describe a situation in which the economy's overall price level is rising is

a. growth. b. inflation. c. recession. d. expansion.

Economics