The government agency which has been given the task of calculating the Consumer Price Index (CPI) is
A. the Department of State.
B. the Council of Economic Advisors.
C. the Bureau of Labor Statistics.
D. the Bureau of Economic Research.
Answer: C
Economics
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Which of the following is NOT among the primary functions of money?
A) store of value B) indicator of supply C) an object that is generally accepted in return for goods and services D) unit of account E) medium of exchange
Economics
Exhibit 15-2 Balance Sheet of Springfield National Bank Assets Liabilities Total reserves$500 Demand deposits$1,000 Loans$500 In Exhibit 15-2, if Springfield National's customers write checks for $200 and the required reserve ratio is 20 percent, then its required reserves fall to:
A. $0. B. $40. C. $160. D. $460.
Economics