Which of the following acts was/were designed to take out the risk in the securities industry? (a) Truth in Securities Act of 1933 (b) Fair Labor Standards Act of 1938 (c) Social Security Act of 1935 (d) All of the above ANSWER (a)
Date: September 10th, 2020
Which of the following federal activities was new under the New Deal? The federal government (a) subsidized building construction. (b) provided federal finances to build houses. (c) established regulatory agencies intended to influence activities in private markets. (d) engaged in all of the above. ANSWER (b)
Date: September 10th, 2020
Overall, U. S. citizens and foreign-born residents embrace change that promises overall growth. This is evidenced by which of the following? (a) Innovation (b) The growth of new industries and the demise of others (c) Population migration from one part of the U.S. to another (d) All of the above ANSWER (d)
Date: September 10th, 2020
If the Federal Reserve raises the discount rate, the market rate of interest a. will rise but the monetary base will be unchanged. b. will rise and the monetary base will fall. c. and the monetary base will both rise. d. will fall and the monetary base will rise. ANSWER B
Date: September 10th, 2020
The change from prescriptive rights to priority rights meant all of the following except (a) Entrepreneurial costs of economic development, such as river and lake pollution, had to be paid by those who were responsible for the costs. (b) The courts encouraged entrepreneurial activity by judicial interpretation. (c) Amenity rights to scenery, clear air and […]
Date: September 10th, 2020
Which act established rules and regulations for minimum wage, overtime pay, record-keeping and child labor standards? (a) Fair Labor Standards Act of 1938 (b) Walsh-Healy Act of 1936 (c) National Industrial Recovery Act (1933) (d) Wagner Act of 1935 ANSWER (a)
Date: September 10th, 2020
Net worth and assets are the same. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which of the following is the largest asset on a consolidated balance sheet for a commercial bank? a. Checkable deposits b. government bonds c. Cash assets, including reserves d. Loans e. Borrowing from the Federal Reserve ANSWER D
Date: September 10th, 2020
During the New Deal, the structure of capitalism in the U.S. changed forever in each of the following areas except for one. Which one? (a) The relation between government and markets changed in the sense that government interventions of one sort or another occurred. (b) The Federal Reserve System began to control actively the money […]
Date: September 10th, 2020
Tertiary employment tended to require generalized education and/or training and, therefore, it was found primarily in rural areas. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
