One way the United States has tried to encourage welfare recipients to acquire human capital is by
A) providing a free college education.
B) setting a 1-year limit on temporary assistance.
C) tax rebates.
D) requiring a adult member of the household to either work or perform community service.
D
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A bank faces a required reserve ratio of 5 percent. If the bank has $200 million of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?
What gives money value under a fiat system?
A) Fiat money is also a commodity. B) The supply of fiat money is controlled by the government. C) Fiat money is backed by gold. D) Fiat money is the same as Treasury bonds.
Microprudential supervision does all of the following EXCEPT
A) checking capital ratios of a bank. B) checking a bank's compliance with disclosure requirements. C) assessing the riskiness of an individual bank's activities. D) focusing on financial system liquidity.
National income is
a. personal income of individuals minus the taxes they pay. b. gross national product minus depreciation. c. employee compensation, self-employment income, interest, rents, plus corporate profits. d. consumption, investment, government expenditures, and net exports.