The main purpose of the Fed is to:
a. serve as the bankers' bank for member banks.
b. regulate interest rates.
c. print Federal Reserve Notes.
d. regulate financial institutions.
e. maintain the proper functioning of our money system.
e
Economics
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Monopolists always earn positive short-run economic profit
a. True b. False
Economics
The M2 money supply
a. includes large denomination time deposits which are part of M1 b. excludes checking accounts which are part of M1 c. does not include money market mutual accounts because they are part of M1 d. includes demand deposits and small denomination time deposits because each ispart of M 1and M2, respectively e. includes large denomination repurchase agreements which are part of M1
Economics