Membership in the Federal Reserve System
A. is limited to national banks.
B. is limited to state banks.
C. is required of national banks and open to state banks.
D. is forbidden to state banks.
C. is required of national banks and open to state banks.
You might also like to view...
In the above figure, the equilibrium price of a paperback book is $6 per book and the equilibrium quantity is 3 million books. The National Literature Board convinces the government to impose a price ceiling of $6 per book
At this price, the quantity of books supplied to the market will be A) 3 million a month and will equal the quantity demanded. B) less than 3 million a month and will exceed the quantity demanded. C) less than 3 million a month and will be less than the quantity demanded. D) more than 3 million a month and will exceed the quantity demanded.
An emphasis on inflation stability is compatible with a nonactivist stance only when shocks to the macroeconomy are ________
A) permanent supply shocks B) temporary supply shocks C) aggregate demand shocks D) all of the above E) none of the above