Which of the following is not a function performed by the Federal Reserve?
a) To clear checks.
b) To maintain the money supply.
c) To establish more effective supervision of the banking system in the United States.
d) To keep interest rates low.
Ans: d) To keep interest rates low.
Economics
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Prices for industrial commodities such as steel rods or machine tools are
A) heavy prices. B) custom prices. C) auction prices. D) sticky prices.
Economics
The water and diamond paradox can be explained with the law of diminishing marginal utility and the comparative availability of water and diamonds
Indicate whether the statement is true or false
Economics