Which one of the following statements concerning the National Bank Act is not true?
a. It required national banks to buy Treasury bonds equal to one third of their capital.
b. It made banks subject to periodic bank audits.
c. It reestablished confidence in the banking system.
d. It led to a widespread conversion of banks from state to national charters.
e. It levied a 10 percent annual tax on state-chartered bank-note issues.
D
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Which of the following would decrease the balance on the current account?
A) a decrease in imports B) a decrease in foreign direct investment C) a decrease in the amount of aid money the government sends abroad D) None of the above will decrease the balance on the current account.
Today, the number of commercial banks in the United States is about
a. 14,800. b. 21,000. c. 3,000. d. 5,600.
Which of the following would increase the value of a firm's stock?
a. a decrease in the firm's present profit b. a decrease in the anticipated growth rate of future profits c. an increase in the perceived riskiness of future profits d. a fall in the interest rate e. an anticipated increase in the interest rate
An economist claims that changes in information technology and unemployment insurance have reduced unemployment. Which of these changes affect frictional unemployment?
a. both the changes in information technology and unemployment insurance b. only the changes in information technology c. only the changes in unemployment insurance d. neither the changes in information technology nor the changes in unemployment insurance