The members of the Board of Governors of the Fed are:
a. elected by the member banks
b. chosen by the state governors.
c. elected for seven-year terms.
d. all replaced after each Presidential election.
e. appointed by the president with the approval of the Senate.
e
Economics
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The Federal Reserve Bank of 1914 permitted the Fed to compete with banks for profits
Indicate whether the statement is true or false
Economics
An increase in total revenue will result if
A) demand is inelastic and price increases. B) demand is elastic and price increases. C) demand is inelastic and price decreases. D) demand is unitary elastic and price decreases.
Economics