The total amount of debt owed by the federal government is represented by the total value of the outstanding
A. U.S. government securities.
B. bank loans and deposits.
C. Federal Reserve notes.
D. stocks and bonds.
Answer: A
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The FDIC handles most bank failures by the purchase and assumption method because
A) the existence of uninsured deposits (over $100,000 ) makes runs and panics possible. B) it allows the FDIC to avoid paying off large deposits when a bank fails. C) most banks have become too big for the FDIC to allow them to fail. D) it allows the FDIC to write checks legally to pay all deposits, even those over $100,000.
In the balance of payments, if there are no statistical errors or discrepancies, which of the following is TRUE of the sum of the capital account balance, the current account balance, and the official reserve transactions account balance?
A) This sum is either positive or negative, depending on whether the sum of all surplus and deficit items associated with cross-border transactions is positive or negative. B) This sum must always be zero, because the sum of all surplus and deficit items associated with cross-border transactions must equal zero. C) This sum is positive only if the U.S. government operates with a budget surplus. D) This sum is positive only if the U.S. government operates with a budget deficit.
Explain the concept of statistical discrimination and give an example of it. How can it lead to discrimination even in the absence of prejudice?
What will be an ideal response?
The present value of a $1000 payment received 2 years from now at 5% annual interest will be less than $900 because of
A. taxes. B. double jeopardy. C. withholding. D. compounding.