Federal taxes make up about ______ percent of total taxes
a. 40
b. 50
c. 60
d. 70
c
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If the required reserve ratio is one-third, currency in circulation is $300 billion, and checkable deposits are $900 billion, then the currency-deposit ratio is
A) 0.25. B) 0.33. C) 0.67. D) 0.375.
The same tools that were intended to allocate funds and spread risk more efficiently in the housing market made it:
A. easier to keep everyone fully informed. B. more difficult to keep everyone fully informed. C. easier to understand the true risk involved with these assets. D. more difficult to justify buying mortgage-backed securities over other low-risk assets.
When a U.S. company purchases a foreign company, the transaction is recorded in the balance of payments as part of:
A. the statistical discrepancy. B. the current account. C. the financial and capital account. D. net transfers.
Why will there be less crowding out of private spending by government spending the less sensitive consumption, investment, and net exports are to changes in interest rates?
What will be an ideal response?