All of the following are elements in the structure of the Fed EXCEPT the
A) 12 Federal Reserve Banks.
B) presidents of the 12 Federal Reserve Banks.
C) Executive Council to the Governor.
D) Board of Governors.
E) Federal Open Market Committee.
C
Economics
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The benefit from an additional unit of a good or service that people other than the consumer of that good or service receives is the
A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.
Economics
If you own a $1,000 face value bond with one year remaining to maturity and a 3 percent coupon rate and new bonds are paying 9 percent, what is the most you can get for your old bond?
A) $917.43 B) $944.95 C) $970.87 D) $1,000
Economics