The Board of Governors is the body responsible for setting and ...

[Pea0909berry]

The Board of Governors is the body responsible for setting and implementing monetary policy targets for the Federal Reserve System.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the below is true?
 a. A price ceiling reduces the quantity exchanged on the market, but a price floor increases the quantity exchanged on the market.
  b. A price ceiling increases the quantity exchanged on the market, but a price floor decreases the quantity exchanged on the market.
  c. Both price floors and price ceilings reduce the quantity exchanged in the market.
 d. Both price floors and price ceilings increase the quantity exchanged in the market.

[zhanghao]

Answer to Question 1

False

Answer to Question 2

c

[Pea0909berry]

Thanks for the timely response, appreciate it

[ricroger]

Excellent