All of the following were true in the South except
(a) Slaves had little or no status in courts of law.
(b) Slave marriages (when there was a ceremony) were not legal, binding contracts.
(c) Slaves' property was legally their own.
(d) Slaves' own children were not theirs to control; slaves were property.
(c)
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Using the data in the above table, suppose imports equal $250 billion and investment equals $1,000 billion. Hence government expenditure equals
A) $1,000 billion. B) $750 billion. C) $500 billion. D) $250 billion.
The tax fully dedicated to provide support for Medicare Part A is:
a. a tax on the health insurance premiums paid for all group plans. b. a 2.9 percent payroll tax paid by all workers, regardless of their age. c. the federal income tax. d. levied on the Medicare Trust Fund. e. the mandate tax paid by individuals who do not purchase health insurance.
An activity performed by commercial banks that is not performed by insurance companies is
A) functioning as financial intermediaries. B) creating financial obligations against themselves. C) accepting deposits and offering checking accounts. D) allocating financial resources between borrowers and lenders.
Financial intermediation is best defined as the process by which
A. financial institutions accept savings from savers and make loans to investors. B. corporations issue new stock. C. liabilities are liquidated. D. inflation is controlled.