Which of the following is one way the Federal Reserve Bank serves the government?
(A) Financing state government projects.
(B) Making loans to the government.
(C) Minting coins for the government.
(D) Selling government securities.
Ans: (D) Selling government securities.
Economics
You might also like to view...
When economists use the term "factors of production," they mean
a. labor, capital, and money b. labor, capital, land and money c. labor, capital, land and entrepreneurship d. labor, land, money and entrepreneurship e. money and entrepreneurship
Economics
If the Federal Reserve increases the federal funds rate dramatically, which of the following would we expect to happen?
A. People with adjustable-rate mortgages would be better off. B. The amount of credit card borrowing would increase. C. The price of houses would increase. D. The price of cars would decrease.
Economics