Discount Lending by the Fed: 

question 37

Multiple Choice

 Discount lending by the Fed: ?

• A) is the key component of monetary policy.?
• B) is more important today than in years past.?.
• C) is usually small except in times of crisis.?
• D) amounts to five billion dollars in volume during an average week

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Definitions:

Import Tariff

A tax imposed by a government on goods and services imported into its country to protect domestic industries from foreign competition.

Supply and Demand

Economic model of price determination in a market, showing the relationship between the quantity of goods that producers wish to sell at various prices and the quantity consumers wish to buy.

Specific Tax

A fixed amount taxed per unit of a good or service, as opposed to a percentage of the price.

Fraction

A numerical quantity that is not a whole number, represents a part of a whole, typically written with a numerator and a denominator separated by a slash.