The institution ultimately responsible for managing the nation's money supply and coordinating the banking system to ensure a sound economy is called a:

A. peoples' bank.
B. central bank.
C. national bank.
D. public banking system.

Answer: B

Economics

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_________________ banks are examined by the Office of the Comptroller of the Currency.

Fill in the blank(s) with the appropriate word(s).

Economics

To convert nominal GDP to real GDP, we use which one of the following?

a. real GDP = nominal GDP × GDP deflator b. real GDP = nominal GDP/GDP deflator c. real GDP = GDP deflator/nominal GDP d. real GDP = (nominal GDP/GDP deflator) × 100 e. real GDP = (nominal GDP/GDP deflator)/100

Economics