Question

73. Which of the following was reported in the January meeting of the FOMC?

a. Inflation over the past year is below 2%.

b. The target range of the federal funds rate remained at 1.5% to 1.75%.

c. The vote for the Fed policy was unanimous, 10-0.

d. Job gains have been good over the past few months and unemployment is low.

e. All of the above.

77. At Chairman Powell’s press conference, he noted that expansion of the American economy was the longest on record at:

a. 5 years.

b. 7 years.

c. 9 years.

d. 10 years.

e. 11 years.

82. The reason we no longer have a gold standard is because:

a. banks refused to accept gold for deposit.

b. banks refused to issue gold for paper money.

c. people grew tired of using gold.

d. the government made it illegal to use gold as money.

e. Both A and B of the above are true.

Answer 1

Answer 73:

Option E. All the above options were mentioned in the January meeting of FOMC which included The target range of the federal funds rate remained at 1.5% to 1.75%,inflation below 2 per cent level, votes were common and low unemployment rates in the economy.

Answer 77:

Option e. The expansion of the American was the longest on record at 11 years.

Answer 82:

Option e. The reason we no longer have a gold standard is because banks refused to accept gold for deposits and banks refused to issue gold for paper money.