The Federal Reserve System consists of ________

A) eleven district banks and a board of governors
B) ten district banks and the FOMC
C) eleven district banks
D) twelve district banks and a board of governors
E) none of the above

D

Economics

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The longer the time horizon of a project, the more important choosing the right discount rate is

a. True b. False

Economics

Which of the following is associated with relatively elastic demand?

a. Few substitutes; large portion of income; short time span b. Many substitutes; large portion of income; long time span c. Few substitutes; small portion of income; short time span d. Many substitutes; small portion of income; long time span

Economics