The federal funds market is the market for a. loans from the federal government. b. loans from the Federal Reserve. c. government borrowing and lending. d. interbank lending. e. all of the above. ANSWER D
Date: September 10th, 2020
The growth and development of the U.S. economy during its period of rapid industrialization was largely influenced by centralized economic planning. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which of the following threatens the future of the U.S. economy? (a) A strengthening of private property rights (b) Effectively preventing some individuals and organizations from pursuing noncompetitive market legislation (c) Racism, discrimination and sexism (d) Increased private consumption and investment and reduced government expenditures ANSWER (c)
Date: September 10th, 2020
The Bank Act of 1935 restructured the Federal Reserve System (FRS) in which of the following ways? (a) The FRS Board of Governors gained discretionary control over bank reserves and margin requirements for loans against securities. (b) The Governor’s Committee was renamed the Federal Open Market which was comprised of 12 members, 7 of whom […]
Date: September 10th, 2020
Most researchers agree that the New Deal positively impacted (a) employment and overall production. (b) wages, working conditions and working hours. (c) electricity production and use of it as power. (d) all of the above. ANSWER (c)
Date: September 10th, 2020
Those closest to fomenting a real revolution during the early years of the Great Depression were (a) bankers. (b) farmers. (c) industrial workers. (d) the middle class. ANSWER (b)
Date: September 10th, 2020
The U.S. government is an asset to the U.S. economy when it (a) effectively serves its role as the agent that defines and protects private property rights. (b) taxes one group of individuals and redistributes that taxed income to another group. (c) permits special groups to secure legislative protection from foreign competition in the industries […]
Date: September 10th, 2020
If the Federal Reserve were to simultaneously sell government bonds in the open market and decrease the discount rate, the a. money supply will increase. b. money supply will decline. c. money stock will stay the same. d. two tools will work in opposite directions and the effect on the money supply is uncertain. […]
Date: September 10th, 2020
The cost of output is income to the land, labor, capital and entrepreneurial talent used to produce it. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
If you write a check on your checking account to pay your rent which your landlord deposits in a bank, then a. the monetary base and the money supply will fall. b. the monetary base falls but the money supply remains unchanged. c. there is no change in the monetary base or the money supply. […]
Date: September 10th, 2020
