The Three Basic Ways to Clear a Check Through the U.S

question 64

Multiple Choice

The three basic ways to clear a check through the U.S. banking system includes all of the following except

• A) through a Federal Reserve Bank.
• B) through the U.S. Treasury Bank.
• C) through a bank clearinghouse.
• D) bank to bank.

Understand the concept of comparative advantage in international trade.

Assess the effects of tariffs and quotas on international trade and government revenue.

Understand the interplay between domestic prices, world prices, and trade policies in determining market outcomes.

Calculate equilibrium prices and quantities in a market with and without trade.