The Federal backing for money in the United States comes from:
A. Providing sufficient quantities of precious metals such as gold and silver to cover the amount of paper money in circulation
B. Pledging physical assets, such as land, natural resources, and public buildings as collateral for outstanding currency
C. Controlling the money supply in order to keep the value of money relatively stable over time
D. Protecting checkable deposits at financial institutions with deposit guarantees
C. Controlling the money supply in order to keep the value of money relatively stable over time
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Which of the following statements is NOT a function of the Fed?
A) It ensures that commercial banks report their assets and liabilities with accuracy. B) It monitors the stockholders' equity of commercial banks. C) It oversees interbank payment systems. D) It regulates the various stock markets in the economy.
The Islamic country that is attracting attention because of its rapid growth:
a. Egypt b. Iran c. Pakistan d. Turkey e. None of the above
In the circular flow model, the business sector ____ goods and services in ____ markets.
a. demands; product c. supplies; product b. demands; resource d. supplies; resource
Supply-side economists try to increase the AS curve with all of the following policies except
A. Deregulation. B. Infrastructure development. C. Decreasing the supply of money. D. Tax incentives for saving, investment, and work.