Author Question: The Federal Reserve uses open market operations rather than changes in legal reserve requirements as ... (Read 210 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
The Federal Reserve uses open market operations rather than changes in legal reserve requirements as its principal tool of monetary management because changes in legal reserve requirements
 
  A) can be easily evaded by commercial banks.
  B) must secure Congressional approval.
  C) would be excessively powerful and disruptive.
  D) would be less profitable for the Federal Reserve Banks.

Question 2

Refer to the table above. If the market is perfectly competitive, what is Buyer 3's consumer surplus?
 
  A) 0
  B) -1
  C) 1
  D) 2



josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library