The Glass-Steagall Act forbids banks from owning
A) municipal bonds.
B) corporate stock.
C) home mortgages.
D) bonds issued by foreign governments.
B
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Refer to Table 20-8. Suppose that the data in the table above reflect the price levels in the economy. What is the inflation rate in between 2015 and 2016?
A) 2% B) 5% C) 10% D) 12% E) 20%
Externalities can occur as a result of either production or consumption activities
a. True b. False
The interest rate that banks pay for borrowing overnight from other banks is called:
a. bank rate. b. target rate. c. federal funds rate. d. real interest rate. e. prime lending rate.
The Social Security Fund is designed as
A. an account that allows periodic withdrawals by contributors. B. a pay-as-you-go system. C. an individual account with a federal reserve bank. D. an investment portfolio that individual contributors can make periodic payments into.