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Past Exam for ECON 2006 - Principles of Economics with Glynn at Virginia Tech (VT)

Exam Information

Material Type:Exam 3
Professor:Glynn
Class:ECON 2006 - Principles of Economics
Subject:Economics
University:Virginia Polytechnic Institute And State University
Term:--
Keywords:
  • Contractionary Monetary Policy
  • Government Securities
  • Decrease Increase
  • Requirement
  • Reserve Requirement
  • Following Events
  • Crowding In
  • Contractionary Fiscal Policy
  • Combination
  • Speculation
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Sample Document Text

"Oe' cO'n '1-(JU(p :T-cc-r $- l. 2: 3. (j .//.~' 4. The a. b. c. d. (j Federal Open Market Committee consists of the 7 members selected by the President and a chairperson selected by the Board of , rts Governors of the Federal Reserve System. ~ . 9 directors each elected by a district Federal Reserve Bank and 3 members ."'"1- selected by the Treasury secretary. head of the Open Market Desk in New York and 7 other members selected from among the district Federal Reserve bank presidents and the Governors of the Federal Reserve System. 12 District Federal Reserve Bank. presidents, the 7 governors from the Board of Governors, and the Treasury secretary. 7 members of the Fed's Board of Governors, the president of the New York Fed Bank, and, on a rotating basis, 4 presidents from the 11 other Fed district banks. A Loan made by a bank is considered of that bank. t a liability an asset net worth d. capital Assume the reserve requirement ratio is 25% and t...

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