The purpose of the Federal Reserve System is to
a. establish the annual federal budget.
b. help manage the supply of money and credit.
c. print currency.
d. reduce the federal deficit.
e. spur inflation.
ANS: B
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Why did the British reorganize their colonial system after 1763?
a. The French and Indian War left the British with a sizable war debt. b. The Americans asked the British for a better system of government. c. The British were afraid the Americans were about to declare their independence. d. The British wanted to remodel their colonial system along the lines of the French model, which proved more effective during the war. e. The British wanted to sell their colonies to France.
The term ______ is used to make clear that the process is cyclical or continuous rather than a onetime set of actions
Fill in the blank(s) with the appropriate word(s).
The failure of the U.S. government to notice the developing threat to American interests posed by a new terrorist organization would suggest that the intelligence community is not doing a good job
Indicate whether this statement is true or false.
Gross Domestic Product is a common measure indicating a government's size
Indicate whether the statement is true or false.