The legal state that allows debtors to be protected from the actions of creditors is
A. bankruptcy.
B. indigence.
C. insolvency.
D. incompetence.
Answer: A
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The rate of return that households expect on their savings is determined by:
A) exchange rates. B) interest rates. C) government expenditure. D) tax rates.
A bond is a form of
A) dividend. B) debt. C) equity. D) stock.
Assume that the loans made by the Paris First National Bank contracted from $16 million to $12 million. If the legal reserve requirement was increased from 20 percent to 40 percent, how much would the money supply shrink?
a. $5 million b. $10 million c. $15 million d. $20 million e. $24 million
When jobs are easy to find, wage increases are frequently given, and businesses are doing well, the economy is most likely in a(n):
A. surplus. B. recession. C. depression. D. expansion.