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Chapter 2: Economics: The Framework for Business

23.

The U.S federal debt in 2011 is more than $45,000 per person. ANS: T DIF: Easy NAT: BUSPROG: Communication KEY: Bloom’s Knowledge

24.

Page 24 Monetary Policy

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Page 24 Monetary Policy

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Page 24 Monetary Policy

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Page 24 Monetary Policy

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Page 24 Monetary Policy

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The Federal Reserve Bank is in charge of both fiscal and monetary policy. ANS: F DIF: Easy NAT: BUSPROG: Analytic KEY: Bloom’s Analysis

30.

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The Fed is headed by a 10-member Board of Governors. ANS: F DIF: Easy NAT: BUSPROG: Communication KEY: Bloom’s Knowledge

29.

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The Federal Reserve provides banking services to member banks and is the central bank of the United States. ANS: T DIF: Easy NAT: BUSPROG: Communication KEY: Bloom’s Knowledge

28.

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The Federal Reserve does not regulate banks; only state regulatory agencies perform this function. ANS: F DIF: Easy NAT: BUSPROG: Communication KEY: Bloom’s Comprehension

27.

Pages 22-23 Fiscal Policy

Ben Bernanke is the current chairman of the Federal Reserve. ANS: T DIF: Easy NAT: BUSPROG: Communication KEY: Bloom’s Knowledge

26.

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The 12 Federal Reserve Banks are regional banks, privately owned by the member commercial banks in their individual districts. ANS: T DIF: Easy NAT: BUSPROG: Communication KEY: Bloom’s Knowledge

25.

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Page 24 Monetary Policy

Money supply refers specifically to the amount of paper bills and metal coins in our overall economy. ANS: F DIF: Easy NAT: BUSPROG: Communication KEY: Bloom’s Knowledge

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Test Bank for BUSN 5 5th Kelly  

Test Bank BUSN 5 5th Edition Kelly 2013 (Test Bank Download) (9781111826734) (1111826730). Instant access. All chapter are included. All fil...

Test Bank for BUSN 5 5th Kelly  

Test Bank BUSN 5 5th Edition Kelly 2013 (Test Bank Download) (9781111826734) (1111826730). Instant access. All chapter are included. All fil...