-14, who appoints and who confirms governors to the Federal Reserve? a. The Sena
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-14, who appoints and who confirms governors to the Federal Reserve? a. The Senate and the House b. The president and the Senate c. The House and the Senate d. The president and the House -15. when the Federal Reserve's federal funds rate is close to zero, it has to rely on a. fiscal policy b. quantitative easing c. inflation targeting. d. foreign exchange rate manipulation. -16, which of the following is the most liquid asset in the US economy? a. U.S. Treasury bonds b. Savings accounts c. Demand deposits d. U.S. currency 17. A commodity will not likely be classified as money if it is a. portable. b. divisible. c. perishable. d. predictable in value. -18. In the US. the reserve requirement is set by a. the Bank of the U.S b. the federal government. c. the Federal Reserve Board. d. the Department of Commerce. -19. which of the following is not a monetary policy tool? a. The discount rate b. Open market operations c. Taxes d. The federal funds rate.Explanation / Answer
14 b. The Board of Governors of the Federal Reserve are appointed by the President and confirmed by the Senate.
15. b. Quantitative easing. The Fed has to resort to QE when the Federal Funds rate is zero.
16. d. U.S. currency.
17. c. One of the qualities of money is durability.
18. C. The Federal Reserve Board.
19. Taxes. It is a fiscal policy.
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