BNAD 301 FINAL EXAM (ALL ANSWERED)

BNAD 301 FINAL EXAM (ALL ANSWERED)
Question : The current Fed chair is:
(A) Bernanke
(B) Greenspan
(C) Mnuchin
(D) Powell
(E) Volcker
(AB) Yellen
Correct answer: D
Question : If the nominal interest rate is 5%, and the inflation
rate is 2%, then the real rate of interest
is:
(A) -3%. (D) 5%.
(B) 2%. (E) 7%.
(C) 3%. (AB) 10%
Correct answer: C
Question : Who receives the excess profits that the Federal
Reserve Bank earns from printing money?

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