Explicit Functions of the Fed Include All the Following Except

question 149

Multiple Choice

Explicit functions of the Fed include all the following except:

• A)conducting monetary policy.
• B)conducting fiscal policy.
• C)providing banking services to the U.S. government.
• D)serving as a lender of last resort to financial institutions.

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, homogenous products, and free entry and exit.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, leading to competition based on factors other than price.

Economic Profits

Economic profits are the surplus remaining after deducting both explicit and implicit costs from total revenue, reflecting the true profitability of a business.

Number of Firms

Refers to the total count of business entities participating in a particular market or industry.