Author Question: Which of the following is true for the European Central Bank (ECB)? A) its executive board meets ... (Read 36 times)

Evvie72 · **on:** Jun 30, 2018

Which of the following is true for the European Central Bank (ECB)?

A) its executive board meets less often than the FOMC
B) the members of its executive board have lifetime appointments
C) it is a more decentralized system than the Federal Reserve
D) all of the above
E) none of the above

Question 2

For a competitive equilibrium in a two-period model, all of the following must be true except

A) each consumer picks first- and second-period consumption given the real interest rate.
B) there must be an equal number of borrowers and lenders.
C) the government's present-value budget constraint holds.
D) the credit market clears.