Treasury bonds are ________ issued by the federal government when it borrows money.
A. derivative securities
B. private stocks
C. promissory notes
D. certificates of deposit
Answer: C
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The Sarbanes-Oxley Act of 2002
A) requires that CEO's personally certify the accuracy of financial statements. B) mandates that firms raise funds for expansion only through the sale of stock or from bank loans, but not from the sale of corporate bonds. C) created the Consumer Financial Protection Bureau to be housed in the Federal Reserve. D) established the Financial Stability Oversight Council to identify risks to the financial system.
A unit tax is an example of a(n)
a. payroll tax b. property tax c. estate tax d. use tax e. excise tax
The required reserve ratio is set by the
A) U.S. Congress. B) President of the United States. C) Secretary of the Treasury. D) Federal Reserve. E) Director of Monetary Affairs.
Suppose that adding a new disc drive to your computer increases its value by $100. The disc drive costs $75 and takes you 2 hours to install. If you value your time at $6 per hour then the net benefit of installing the disc drive is:
A. $13. B. $19. C. $25. D. $88.