Free trade agreements between the United States and Canada started with the auto industry in the year 1965
Indicate whether the statement is true or false
TRUE
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Since October 2008, Congress has granted the Fed an authority to
A) pay banks interest on both required reserves and excess reserves. B) charge banks interest on both required reserves and excess reserves. C) charge banks interest on required reserves but pay them interest on excess reserves. D) charge banks interest on excess reserves but pay them interest on required reserves.
Economic growth is the result of two major or general "determinants":
A) capital and autonomous planned spending. B) capital per capita and autonomous planned spending. C) capital per capita and autonomous growth factors. D) saving and autonomous growth factors.
Until the 1980s, most of the national debt was
a. owned by foreigners. b. acquired either during wars, especially World War II, or during recessions. c. owned by banks. d. financed by printing money.
Expected value refers to the
A. Present value of a future payment. B. Difference in the rates of return on risky and safe investments. C. Probable value of a future payment, including the risk of nonpayment. D. Future value of a current payment.