All of the following are true about electronic funds transfers except:
A. sometimes involve the Federal Reserve sending electronic images of checks to banks.
B. include automated clearinghouse transactions (ACH).
C. include credit card payments made online.
D. occur when banks or individuals deposit/withdraw from one bank account to another electronically.
Answer: A
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In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 80 percent of all income is
A) curve A. B) curve B. C) curve C. D) curve D.
Opponents of active stabilization policy
a. generally don't believe, even in theory, that fiscal policy can stabilize the economy. b. generally agree that fiscal policy has no impact in the long run. c. believe some effects of monetary policy may be long-lived. d. think the Fed should simply try to fine tune the economy.