The Constitution gives the power to set the date for holding congressional elections to
a. the President.
b. Congress.
c. the States.
d. local precincts.
Ans: b. Congress.
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The Federal Reserve board intensified the severity of the stock market crash by
a. ignoring the crisis. b. borrowing heavily from European banks. c. inflating the currency and making credit more available. d. prohibiting banks from participating in stock purchases. e. raising interest rates and reducing the amount of money in circulation
The 1994 elections saw the Republicans win control of both houses of Congress.
Answer the following statement true (T) or false (F)
One paradox of life in eighteenth century Europe was that __________.
A. food shortages were more common in rural agrarian areas rather than in towns B. cathedral cities had low rates of church attendance C. countries with assemblies had fewer rights for citizens than those with absolute monarchs D. countries with large coastal settlements were unable to take advantage of international trade growth
"Sliced and diced" referred to the method in which banks divided
A) mortgages into smaller shares. B) interest rates into smaller rates. C) loan payments into smaller shares. D) profits into smaller shares.