Which of the following is not a function of money?
medium of exchange
interest-bearing instrument
unit of accounting
store of value
What is interest-bearing instrument
100
The FDIC was created to
f. stabilize the interest banks paid depositors
g. increase government control over banks
h. create jobs during the Depression
j. increase depositors’ confidence in the banking system
What is increase depositors’ confidence in the banking system
100
Most of the currency in the United States is in the form of
What is Federal Reserve notes
100
Near Money include
stocks
time deposits
bonds
property
What is time deposits
200
The Federal Reserve can affect the money supply by
a. announcing a new prime rate
b. changing reserve requirements
c. issuing monthly money supply targets
d. working through the regional Federal Reserve Banks
What is changing reserve requirements
200
The number of regional Federal Reserve banks in the United States is
What is 12
200
Which type of institution must belong to the Federal Reserve ?
What is National Banks
200
The chairman of the Federal Reserve Board during the 1990’s was
What is Alan Greenspan
200
NAFTA has
What is increased Mexico’s exports to the United States
300
Which of the following is NOT a characteristic of a developing countries?
low rates of literacy
low population growth
poor health conditions
weak property rights
What is low population growth
300
Out of the more than 192 nations in the world, how many nations are considered developed?
What is 35
300
Depreciation of the Japanese yen would make Japanese products sold in the United States
What is less expensive
300
Sweden can be described as a
What is welfare state
300
High unemployment is usually a sign that
What is purchasing has slowed
400
According to Monetarist, to prevent the Great Depression the government should have?
What is increased the money supply
400
Farmers in China lack the incentives that American farmers have because
What is they lease land owned by the government
400
High living standards almost always depend on a
What is high level of industrialization.
400
The most common characteristic of developing nations include rapid population growth, low literacy rates, and
What is poor health conditions.
400
One important reason why direct foreign investment in the United States is high is that
What is the United States is politically stable
500
Most multinational corporations invest in
What is nearby countries
500
E-commerce involves
What is doing business over the internet
500
The period of time when computer technology and telecommunications gave knowledge and intelligence significant economic value is known as the
What is Information Age
500
Some Economist believe that the information revolution will help developing countries because it will
What is help them catch up with other nations by letting them skip stages of development
500
All the combination of goods and services that can be produced in a given time with a fixed amount of resources are called