Business

Which of the following is considered a tangible asset? A) a plot of l

QUESTION Which of the following is considered a tangible asset? A) a plot of land B) a software patent C) the copyright on a book D) a trademark on a food product E) the goodwill a neighborhood business has gained   ANSWER Answer: A Explanation: A) Tangible assets are defined as land, buildings, and equipment. […]

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Date: September 3rd, 2020

The only government organization that offers financial protection for

QUESTION The only government organization that offers financial protection for money in banks, savings and loans, and credit unions is the FDIC. Indicate whether the statement is true or false.   ANSWER Answer: FALSE Explanation: Three different government organizations, the FDIC, SAIF, and NCUA, offer financial protection for money in banks, savings and loans, and […]

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Date: September 3rd, 2020

The Federal Reserve helps get money to commercial banks by making curr

QUESTION The Federal Reserve helps get money to commercial banks by making currency available and by making loans available. Indicate whether the statement is true or false.   ANSWER Answer: TRUE Explanation: The Federal Reserve helps get money to commercial banks by making currency available and by making loans available.

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Date: September 3rd, 2020

Insurance companies typically invest any excess funds in stocks, real

QUESTION Insurance companies typically invest any excess funds in stocks, real estate, and other assets. Indicate whether the statement is true or false.   ANSWER Answer: TRUE Explanation: Because many insurance companies collect more in premiums than they pay out in insured claims or operating expenses, they typically invest any excess funds in stocks, real […]

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Date: September 3rd, 2020

Bank deposit insurance and other policies were adopted to protect depo

QUESTION Bank deposit insurance and other policies were adopted to protect depositors as a result of the many banking troubles leading up to the Great Depression. Indicate whether the statement is true or false.   ANSWER Answer: TRUE Explanation: The many banking troubles leading up to the Great Depression did result in the creation of […]

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Date: September 3rd, 2020

Because of FDIC insurance, a depositor’s $1,000,000 would be safe if h

QUESTION Because of FDIC insurance, a depositor’s $1,000,000 would be safe if he or she were to have it evenly deposited among four banks. Indicate whether the statement is true or false.   ANSWER Answer: TRUE Explanation: Because the SAIF, via the SDIC, insures up to $250,000 per depositor per bank, $1,000,000 divided up evenly […]

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Date: September 3rd, 2020

Beginning in the 1980s and 1990s, as memories of the Great Depression

QUESTION Beginning in the 1980s and 1990s, as memories of the Great Depression faded, massive deregulation of our financial systems took place. Indicate whether the statement is true or false.   ANSWER Answer: TRUE Explanation: Beginning in the 1980s and 1990s, as memories of the Great Depression faded, massive deregulation of our financial systems took […]

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Date: September 3rd, 2020