Which of the following was not true of the First and Second Banks of the United States?
a. They had branches throughout the country.
b. They issued paper money.
c. They made loans to private individuals.
d. They set the bimetallic ratio.
d. They set the bimetallic ratio.
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Which of the following types of expenditure is most likely NOT determined by an accelerator model?
A) consumer durable spending B) inventory investment C) residential housing construction D) consumer spending on food
Which of the following statements is FALSE about the demand curve?
A) An increase in demand shifts the demand curve to the left, closer to the price axis. B) When only the price of a good changes, there is movement along the demand curve but no change in demand. C) A change in demand is graphically shown by shifting the entire demand curve. D) When demand decreases, there is a drop in the quantity demanded at each price.
State and local government spending has _______________ during the last four decades.
a. decreased b. remained flat c. increased d. stabilized
The federal funds market is the market in which
a. banks borrow from the Fed b. bank customers borrow from their banks c. banks borrow from each other d. the federal government borrows from the Fed e. the federal government borrows from the general public