When private property rights in a country are not secure, people cannot use their property as collateral for loans
a. True
b. False
Indicate whether the statement is true or false
True
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Until the United States Civil War, The Unites States had a
A) gold-based monetary standard. B) silver-based monetary standard. C) bimetallic monetary standard consisting of silver and gold. D) bimetallic monetary standard consisting of copper and silver. E) bimetallic monetary standard consisting of copper and gold.
In the 1990s
A) growth of M1 was more stable than growth of nominal GDP, and velocity soared through most of the period. B) growth of nominal GDP was more stable than growth of M1, and velocity soared through most of the period. C) growth of M1 was more stable than growth of nominal GDP, and velocity plummeted through most of the period. D) growth of nominal GDP was more stable than growth of M1, and velocity plummeted through most of the period.
One major tax loophole intended to help state & local governments raise funds is:
a. fiscal federalism b. tax exempt municipal bond interest c. tax deductible mortgage interest d. tax credits for solar panels
Based on the above table, an open market operation in which the Fed purchased $200,000 of government securities would
A. create a reserve deficiency for the banking system. B. lead to a maximum potential expansion of the money supply of $2 million. C. cause demand deposits to fall by $200,000. D. lead to a maximum potential expansion of the money supply of $200,000.