The Federal Reserve System is made up of twelve regional banks owned by
A) commercial banks in the respective districts that have chosen to be members of the Fed.
B) Wall Street investors.
C) the Board of Governors appointed by the President.
D) the U.S. Treasury.
Ans: A) commercial banks in the respective districts that have chosen to be members of the Fed.
Economics
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If a monopolist can sell 3 units at price of $150 per unit and 4 units at a price of $140 per unit, its marginal revenue at an output of 4 is
A) $-10.00. B) $10.00. C) $560.00. D) $110.00.
Economics
Suppose Trust Bank purchases government bonds worth $55 million. If the bank does not want to reduce its reserves, _____
a. it should start giving more loans b. it should stop giving new loans c. it should raise the discount rate d. it should lower the minimum required ratio
Economics