Identify which item is not one of the six parts of the financial system.
A. Credit cards
B. Financial institutions
C. Financial markets
D. Central banks
Answer: A
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The state governments in the U.S. spend a large percentage of their funds on ________
A) public welfare B) social security C) national defense D) income security
If there are economies of scale throughout the relevant output range of production, which is false? a. It is a natural monopoly
b. It is more efficient to have a single firm produce the good. c. It would typically result from a firm's possession of an exclusive patent. d. One large firm can produce at lower cost than two or more smaller firms.
If the number of people employed rises by 180,000 and the number of people unemployed falls by 200,000 while the adult population stays the same, then the labor force participation rate rises
a. True b. False Indicate whether the statement is true or false
Indirectly, the government has improved the quality of information available to consumers through
a. the SEC. b. its support for the Internet. c. the Federal Reserve System. d. requiring content labels on food products.