Which of the following serves as the central banker for private banks in the United States?
A. The 12 regional Federal Reserve banks.
B. The Executive Branch of government.
C. The Board of Governors of the Federal Reserve System.
D. The Fed Open Market Committee.
A. The 12 regional Federal Reserve banks.
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A change that increases the real money supply relative to real money demand causes
A) the LM curve to shift down and to the right. B) the LM curve to shift up and to the left. C) the IS curve to shift down and to the left. D) the IS curve to shift up and to the right.
When the U.S. dollar appreciates
A) foreign residents demand more of U.S. goods, and U.S. residents desire to purchase more foreign goods. B) foreign residents demand more of U.S. goods, and U.S. residents desire to purchase fewer foreign goods. C) foreign residents demand fewer of U.S. goods, and U.S. residents desire to purchase more foreign goods. D) foreign residents demand fewer of U.S. goods, and U.S. residents desire to purchase fewer foreign goods.