The Alternating Current in Wide Use in Homes in North

question 40

Multiple Choice

The alternating current in wide use in homes in North America is 60 cycles per second, or 60 Hz. How many times per minute does this current reverse its direction of travel?

• A) 60 times.
• B) 120 times.
• C) 3600 times.
• D) 7200 times.
• E) none of these.

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Definitions:

Monetary Policy

Actions undertaken by a country's central bank to control the money supply and interest rates to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.

Discount Rate

The rate of interest that central banks impose on credits extended to commercial banks and other financial entities.

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves that must be held by a commercial bank, a repeat of the Fed's specific requirement but applicable globally.

Depository Institutions Deregulation

The legislative measures taken to reduce regulation over banks and other depository institutions to enhance their ability to compete and innovate.