The term "depository institution" refers to
A) savings and loan associations only.
B) commercial banks, credit unions, and savings and loan associations.
C) credit unions only.
D) commercial banks only.
B
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If the Fed carries out an open market operation and buys U.S. government securities, the federal funds rate ________ and the quantity of reserves ________
A) rises; increases B) falls; increases C) rises; decreases D) falls; decreases E) rises; does not change
The Bush tax cuts of 2001-2010 increased education incentives, and as a result,
A. New vertical inequities were introduced into the tax system. B. The difference between gross incomes and taxable incomes became smaller. C. College enrollments were expected to increase significantly. D. Low-income households benefited more than all other households.