Most tariffs around the world are collected on an ad valorem basis

Changes in which of the following will cause changes in the equilibrium federal funds rate?

A) the demand for excess reserves by banks B) the supply of reserves created through past open market operations C) the demand for required reserves by banks D) all of the above

An example of direct stock ownership is when a person

a. pays into a pension fund that buys stocks b. puts money into an insurance company that buys stocks c. invests money in a mutual fund that buys stocks d. asks a stockbroker to buy stocks for him or her e. puts funds into a trust fund that buys stocks