The responsibility of paying for the Social Security benefits for currently retired individuals falls on
A) current and future workers.
B) the retired people themselves.
C) no one, since the government prints the money.
D) only working people over 50 years of age.
A
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What was the approximate peak amount of borrowing from the Fed during the Financial Crisis of 2007-2009?
A) $2 billion B) $100 billion C) $270 billion D) $1 trillion
By designating Federal Reserve currency as legal tender, the federal government
A) has ensured that Federal Reserve currency will serve as money. B) has guaranteed that Federal Reserve currency may be exchanged for an equivalent amount of gold or silver. C) has mandated that Federal Reserve currency be accepted for payment of debts. D) has mandated that Federal Reserve currency be accepted by citizens of foreign countries in exchange for their countries' currencies.
Which of the following was NOT a major claim of Fogel and Engerman (1974) in their work on slavery?
(a) Slavery was profitable for Southerners. (b) Slavery slowed the mechanization of the plantations. (c) Slaves were treated fairly well. (d) Slavery was efficient.
The "greenback": a.provided a uniform currency across the U.S. b.provided additional revenue for the government during the Civil War. c.supplied monetary increases that sent prices skyrocketing. d.All of the above are correct. e.Only a and b are correct