The Federal Funds Committee executes the purchases and sales of ...

[nautica902]

The Federal Funds Committee executes the purchases and sales of government securities decisions of the Federal Reserve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

International comparisons of per capita GDP may not reflect the standard of living because __________.
 a. currency exchange rates may not fully account for differences in purchasing power, and thus people in a country with high per capita GDP may have a lower standard of living because of high local prices for food, housing, or other necessities.
  b. people in some countries enjoy poverty and do not mind a lack of access to medicine, education, nutritious food, and safe drinking water.
  c. markets do not exist in less-developed countries.
 d. None of the answers above are correct.

[tandmlomax84]

Answer to Question 1

False

Answer to Question 2

a