Which of the following represent the Federal Reserve's most important responsibilities?
a. Supervise and regulate banks.
b. Issuing paper currency.
c. Printing paper currency.
d. Both (a) and (b)
e. Deciding the maximum rate banks can charge for loans.
D
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Phillip is a 22-year old who has no job and is available for work, but has not actively looked for a job in the last month
The Current Population Survey identifies Phillip as ________, ________ the labor force, and ________ the working-age population. A) unemployed; part of; part of B) unemployed; part of; not part of C) not unemployed; not part of; part of D) not unemployed; not part of; not part of E) not unemployed; part of; part of
The federal government has a large public debt that it finances through borrowing. As a result, real interest rates are higher than otherwise and the volume of private investment spending is lower. This illustrates the:
A. equation-of-exchange effect. B. paradox of thrift. C. crowding-out effect. D. net export effect.