How many regional banks are in the Federal Reserve System?
A. 12
B. 15
C. 6
D. 8
Answer: A
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DeWitt Clinton is most recognized for
a. inventing the wheat combine. b. being one of the primary advocates of the abolition movement. c. developing the technology to power railroad engines. d. overseeing the building of the Erie Canal.
Which of the following is an example of a positive, as opposed to normative, statement?
a. Inflation is more harmful to the economy than unemployment is. b. If welfare payments increase, the world will be a better place. c. Prices rise when the government prints too much money. d. When public policies are evaluated, the benefits to the economy of improved equality should be considered more important than the costs of reduced efficiency.
In recent years, the largest form of international investment funds for developing countries was in the form of
A. portfolio investments. B. foreign direct investments. C. bank loans. D. loans from the World Bank.
The Great Depression began in
A. the second half of 1929. B. the middle of 1930. C. early 1932. D. March 1933.