Which of the following statements is correct? I. The Fed can periodically and without warning examine member commercial banks to ensure that they are conforming to current banking standards. II The Fed helps the government collect certain tax revenues and aids in the purchase and sale of government securities.
A) I only
B) II only
C) Both I and II
D) Neither I nor II
Answer: C) Both I and II
Economics
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An asset is said to be riskless if:
A) it can be easily converted into cash. B) its value does not change from day to day. C) its value is more likely to fall in future. D) it offers a positive rate of interest.
Economics
Most people who earn the minimum wage are poor
Indicate whether the statement is true or false
Economics