Assuming the required reserve ratio is 20 percent and total reserves are set at $20 billion, then the maximum amount of deposits would be a. $100 billion. b. $40 billion. b. $4 billion. d. $60 billion. e. $120 billion. ANSWER A
Date: September 10th, 2020
The appearance of “classical American capitalism” in the middle and late 19th century includes all of the following except (a) An industrial labor force concentrated in manufacturing centers (b) The commercialization of agriculture and extractive industries (c) The rise of big-time finance and giant transportation systems (d) The strengthening of small scale family farm enterprises […]
Date: September 10th, 2020
The percentage of people living in urban areas decreased surprisingly between 1860 and 1910. Indicate whether the statement is true or false ANSWER FALSE
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
The demand for goods and services decreases with a rise in employment and income. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
With regard to the American Revolution, research suggests that (a) it was not waged against the law but against a particular alien authority. (b) all contracts, respecting property, remained basically unchanged. (c) the basic ideas established in the colonial era remained untouched by the Revolution, apart from the abolition of primogeniture and perpetual entailment. (d) […]
Date: September 10th, 2020
