President Franklin Delano Roosevelt declared a bank holiday, closing all U.S. banks in ________
A) July 1776
B) October 1929
C) March 1933
D) September 2001
C
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As a unit of account, money is used to
A) state prices of all goods and services. B) pay off future debts. C) hold purchasing power over time. D) exchange for goods and services.
Refer to Figure 2-7. Assume a technological advancement greatly reduces the cost to produce self-driving vehicles. This is best represented by the
A) movement from K to L in Graph C. B) movement from G to H in Graph B. C) movement from H to J in Graph B. D) movement from E to F in Graph A.
When the Federal Reserve purchases a government bond from a primary dealer, reserves in the banking system ________ and the monetary base ________, everything else held constant
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases
Which of the following individuals would be likely to face the lowest opportunity cost of a college education?
A. The 40-year-old owner of a successful construction company who wants to finish college as an example to his children B. A high school basketball star who is offered a multimillion-dollar contract with the NBA, as well as a full scholarship at the university of his choice C. A well-paid staff member at a college who can take classes tuition free D. A high school graduate who has few skills, does not qualify for a full scholarship, and would be able to work as a server at her family's restaurant if she did not go to college