13 (2 points) A Roth IRA is beneficial to those who expect to pay a retirement than before retirement. higher lower negative positive zero income tax rate after Question 14 (2 points) If you are the IBM stock, you want the IBM stock price to for a profit. a) long; be short b) short; be long c) long; increase d) short; increase e) long; decrease Question 15 (4 points) If you have both a pension and a 401(k) account, your money in the pension is whereas your money in the 401(k) is managed by managed by ____ a) your company; yourself b) your company; your company c) yourself; yourself d) yourself; your company e) the federal government; the state government Question 17 (2 points) When people refer to the Federal Reserve System, they often use the term, Fed. Which of the following organization(s) constitute part of the "Fed"? a) The U.S. Treasury b) The Federal Open Market Committee c) The 12 Regional Federal Reserve Banks d) All of the above e) Only (b) and (c) of the above Question 18 (4 points) Which of the following describes the role of the Fed? a) It carries out the monetary policy b) It can audit and supervise any and all financial institutions including insurance companies c) It can participate in maintaining foreign exchange rate stability d) All of the above e) Only (a) and (c) of the above Question 19 (2 points) If the Federal Open Market Committee (FOMC) wants to interest rate, it can the short-term the U.S. Treasury securities from/to a commercial bank. a) lower; buy b) lower; sell c) increase; buy d) increase; sell e) only (a) and (d) of the above Question 20 (2 points) The Federal Open Market Committee (FOMC) plays an important role in conducting monetary policy. Its members include a) an appointee of the U.S. Treasury Secretary b) members of the board of governors and the president of the New York Fed c) a few selected presidents of the regional Federal Reserve Banks d) all of the above e) only (b) and (c) of the above