Which of the Following Statements Is Correct

question 76

Multiple Choice

Which of the following statements is correct?

• A)Federal Reserve district banks are owned by the government.
• B)Member banks receive no return on the stock they own in Federal district banks.
• C)Federal Reserve district banks pay dividends on their earnings to member banks.
• D)The boards of directors of the district banks are all local bankers.

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Definitions:

Productive

Being productive pertains to the capacity or efficiency of producing a considerable amount or result, typically in the context of economic goods and services.

Benefit From Trade

The advantage gained by countries, firms, or individuals from engaging in exchange, usually resulting in access to a wider variety of goods or services at lower costs.

Opportunity Cost

The monetary loss of relinquishing the best subsequent option upon deciding.

Bowed-out Production Possibility Frontier

A production possibility frontier that is concave to the origin, indicating increasing opportunity costs as production of one good is increased.