The U.S. central bank is a financial institution that:
A) has the sole right to accept deposits and make loans.
B) has the sole right to issue currency.
C) sets borrowing and lending in a country.
D) determines what assets will back a currency.
Correct Answer:
Verified
Q2: A high-risk premium makes default more likely.
Q3: As long as money serves as a
Q4: The financial sector is very important to
Q5: The Federal Reserve Bank is the U.S.
Q6: The risk that all loans will default
Q7: In practice, the Fed focuses on changing
Q8: Money can be many things, but it
Q9: What allows a Federal Reserve note to
Q10: If the reserve ratio is 0.10, the
Q11: In the real world, policy makers apply
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