The Federal Open Market Committee (FOMC) is composed of

A) representatives from the governors of all 50 states.
B) Presidents of 5 Federal Reserve regional banks and the Board of Governors.
C) the 12 Presidents of the Federal Reserve regional banks.
D) the Board of Governors, the Vice-President of the United States, and the Secretary of Treasury for the United States.

B

Economics

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In Zimbabwe, the government stopped the country's hyperinflation by

A) reducing domestic monetary growth drastically. B) returning to a gold/silver currency standard. C) switching to foreign currencies. that are relatively stable. D) passing a law making price increases illegal. E) implementing a new currency based on diamonds.

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AIG provide CDS against

A) insolvency. B) default risk. C) illiquidity. D) none of the above

Economics