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Work to influence the economy

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Reference no: EM133187637

Help answer the following questions True/False, defend and explain answer 

  1. Buying a stock on margin is where you put up some of the cost of the stock and borrow the rest from the brokerage firm.
  2.  An exchange traded fund (EFT) is a mutual fund that is traded on an exchange like a stock.
  3. The main policy measure of the money supply used by the Federal Reserve is the M3 money supply.
  4. A credit union is a type of financial institution that is a member owned cooperative organized to take deposits and make loans to members.
  5. The Federal Reserve has several tools to manage the economy.  What are the three major tools and how to they work to influence the economy to help stimulate or restrain?

Reference no: EM133187637

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