Membership in the Federal Reserve System
A) is held by state-owned banks only.
B) is held collectively by all banks in the banking system.
C) is held by only a minority of banks in the banking system.
D) is held by banks that also have branches outside the United States.
Ans: C) is held by only a minority of banks in the banking system.
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Which statement is an example of substitute goods affecting demand?
a. A bumper crop of cotton lowers the price of cotton clothing. Sales of silk shirts decrease. b. As laptop computer sales increase, so do the sales of computer cases. c. An automobile maker lays off thousands. Sales of electronic goods in that city fall. d. Hi-tech companies lure people to a region. Demand for housing rises.
Stock options have been shown to not align the work of the CEO with the interests of shareholders
Indicate whether the statement is true or false