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
Court rulings in the 19th century (a) tended to favor business and profit-making activities. (b) tended to protect traditional amenity rights of property, such as the right to clean air, clean water, scenery and quiet enjoyment of property. (c) tended to favor small business activities over big business corporate activities. (d) tended to promote worker […]
Date: September 10th, 2020
The U.S. system of property rights (a) is strictly private. (b) is influenced by a mix of private and public forces. (c) does not permit governmental seizure of property under any circumstances. (d) does not permit the government to seize earned income through taxation. ANSWER (b)
Date: September 10th, 2020
Output produced and sold always generates profits for businesses. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
As an economy grows and develops, the police powers of the government with respect to controlling, regulating and inspecting businesses and their output become increasingly more costly to uphold and protect. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
If the Federal Reserve purchases $1 million in government securities in the open market, with a 25 percent required reserve ratio on deposits, the maximum increase in deposits would be a. $4 million. b. $10 million. c. $25 million. d. -$4 million. e. none of the above ANSWER A
Date: September 10th, 2020
When the government increased spending during the 1930s in an attempt to create jobs and end the Great Depression, it provided an example of expansionary (a) fiscal policy. (b) monetary policy. (c) regulatory policy. (d) welfare policy. ANSWER (a)
Date: September 10th, 2020
Mass production was made possible by mass consumption, a national market and international trade. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
