Mutual funds are a type of financial intermediary
a. True
b. False
Indicate whether the statement is true or false
True
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Who does inflation benefit?
(a) All businesses (b) The government (c) Individuals living on fixed incomes (d) Debtors
A bank can actually create money by
a. lending its required reserves. b. ordering newly printed money from the Fed. c. lending its excess reserves. d. None of these.
The maximum contaminant level (MCL) for a drinking water contaminant
a. is not enforceable b. is set using benefit-cost analysis since the enactment of the 1996 SDWA amendments c. is solely benefit based like the maximum contaminant level goals (MCLGs) d. is set to maximize the total social benefits (TSB) of abating that contaminant
____________ also known as cash cards are computerized banking transactions where money is removed directly from your account
a. Credit cards
b. Debit cards
c. Smart cards
d. Access cards