Which account should NOT be included in the asset section of a central bank balance sheet?

A) currency in circulation
B) official international reserves
C) domestic credit
D) government bonds

Answer: A

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The power of administrative agencies is limited by the executive branch through ________

A) the oversight power of the U.S. Congress B) investigative powers of the U.S. Congress C) presidential executive orders D) the power of the president to remove the heads of the agencies

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Which of the following is true of Executive Order 12291?

A) It provides adjudicatory hearings to respondents who apply for such hearings. B) It extends the powers of the Office of Management and Budget so that it now has authority over "pre-rulemaking action" by executive agencies. C) It requires executive agencies to perform a cost-benefit analysis of regulations before promulgating a major federal regulation. D) It requires executive agencies to use informal, instead of formal, hearings for most regulatory proceedings.

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