Which of the following is a financial intermediary?
A) an insurance company B) the Internal Revenue Service
C) the Red Cross D) a share of corporate stock
A
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Menu costs refer to:
A. the money, time, and opportunity used to change prices to keep pace with inflation. B. the time, money, and effort one has to spend managing cash in the face of inflation. C. being penalized via taxes for making more money in dollars, even though real purchasing power hasn't changed. D. labor costs associated with inflation.
When the extraordinary failures of S&Ls drove FSLIC into financial crisis, the
a. government diverted taxes from funding government projects to support the FSLIC b. government created the FDIC to replace the FSLIC c. government created the Resolution Trust Corporation to handle the crisis d. Federal Reserve permanently lowered the discount rate which relieved FSLIC of financial pressure e. Treasury Department issued bonds to cover FSLIC losses
In Lithasia, the marginal propensity to consume is 0.4, base consumption is $2,000 . the tax rate is 30 percent of income, national income is $4,000 . investment spending is $1,000 . government spending is $2,500, export earning is $1,500, and import spending is $3,000 . What is the aggregate expenditure of the economy?
The earliest unions in the United States were
A) industrial unions. B) craft unions. C) public-sector unions. D) military unions.