When the Fed wants to raise interest rates after banks have accumulated large amounts of excess reserves, it would
A) increase the interest rate paid on excess reserves.
B) increase discount rate.
C) increase the required reserve ratio.
D) conduct massive open market purchase.
A
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Urbanization is measured by:
A) the ratio of the population living in urban areas to the ratio of the people living in rural areas in a country. B) the fraction of the population living in towns with a population of more than 5,000. C) the fraction of the population living in towns with a population of more than 1,000. D) the ratio of the population living in rural areas to the ratio of the people living in urban areas in a country.
Consequences of the European Monetary Union include ________
A) a global financial crisis in 2007-2008 B) tightening of capital controls in several economies C) convergence of unemployment rates across the member economies D) consistent monetary policy across the member economies