Which of the Following Statements Is NOT True

question 80

Multiple Choice

Which of the following statements is NOT true?

• A)Each Federal Reserve bank maintains its own discount window.
• B)Before 1980, the Fed rarely made loans to banks which were not members of the Federal Reserve System.
• C)Since 1980, all depository institutions have had access to the discount window.
• D)Each Federal District Bank can charge a different discount rate.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.

World Price

The price of a good that prevails in the global market for internationally traded goods.

Trade Restrictions

Measures imposed by governments to limit international trade for various reasons, including protecting domestic industries.

Domestic Supply

The total amount of a product or service that is available to consumers in a domestic market.