Which of the following is not a power of the Federal Reserve System?
a. Setting the prime interest rate
b. Issuing Federal Reserve notes
c. Buying and selling U.S. government securities
d. Extending loans to member banks
e. Clearing checks
a
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A country is strongly outward-oriented if there is less or no control on international trade
a. True b. False Indicate whether the statement is true or false
If there is an increased interest in U.S. goods by Indian consumers, which of the following will happen in the market for Indian rupees?
a. A rightward shift of the supply curve, a depreciation of the rupee, and a larger number of rupees traded b. A rightward shift of the demand curve, a depreciation of the rupee, and a smaller number of rupees traded c. A rightward shift of the demand curve, an appreciation of the rupee, and a larger number of rupees traded d. A leftward shift of the demand curve, a depreciation of the rupee, and a smaller number of rupees traded e. A leftward shift of the supply curve, an appreciation of the rupee, and a smaller number of rupees traded.