Author Question: Sensible buyers or sellers will want to continue acquiring information A) as long as the ... (Read 47 times)

penza · **on:** Jun 29, 2018

Sensible buyers or sellers will want to continue acquiring information

A) as long as the additional information extends their choices.
B) as long as the anticipated additional benefit exceeds the additional cost of doing so.
C) as long as they can be assured of acquiring correct information.
D) indefinitely, because more information is better than less.

Question 2

Briefly describe the Federal Reserve System, how it is governed, and its roles in the economy.

What will be an ideal response?

livaneabi · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

The Federal Reserve, or Fed, is the U.S. central bank. The Fed consists of twelve regional Federal Reserve Banks scattered across the United States. These banks are overseen by the Board of Governors, a seven member board located in Washington D.C., whose members are appointed by the President of the United States and confirmed by the Senate. The Federal Open Market Committee, or FOMC, is the group within the Fed that sets the nation's monetary policy. The voting members of the FOMC consist of the chair and other six members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four presidents of the other regional Federal Reserve Banks, on a yearly rotating basis. The Fed's primarily role in the economy is to set and conduct the nation's monetary policy. The Fed also provides banking services to banks and helps regulate the nation's financial institutions and markets.