The Advisory Committee Making Recommendations to the Fed About Economic

question 57

Multiple Choice

The advisory committee making recommendations to the Fed about economic and banking related issues is the

• A) Community Advisory Council.
• B) Community Depository Institutions Advisory Council.
• C) Federal Advisory Council.
• D) none of the above

Know the basic concepts of electricity and charges as they relate to atoms and molecules.

Understand the concept of utility and how it drives consumer choices.

Apply the utility maximization principle to determine optimal consumption bundles.

Calculate the effects of changes in income on consumption choices.

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Definitions:

Fair Market Value

The estimated price at which an asset or service would exchange hands between a willing buyer and seller, both having reasonable knowledge of the relevant facts.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a bond or stock certificate.

Common Stock

A type of security representing ownership in a corporation, with holders having a claim on part of the company’s assets and earnings.

Dividends

Payments made by a corporation to its shareholder members, usually as a distribution of profits.