The powers of the Federal Reserve System do not include: a. the ...

[laurencescou]

The powers of the Federal Reserve System do not include:
 a. the ability to buy and sell U.S. government securities.
 b. the ability to extend loans to commercial banks.
 c. the ability to provide deposit insurance for customers of member banks.
 d. the ability to impose reserve requirements on both member and nonmember commercial banks.
  e. the authority to clear checks.

Question 2

If both total employment and total output in an economy grow by 2 percent each year, then the annual growth in labor productivity in the economy over a decade will be equal to _____.
 a. 0 percent
 b. 2 percent
 c. 10 percent
 d. 20 percent
 e. 2 percent times the size of the labor force

[ankilker]

Answer to Question 1

c

Answer to Question 2

a