A credit card is a form of money.
Answer the following statement true (T) or false (F)
False
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When the U.S. government runs a deficit, the resulting higher interest rate:
A. reduces firms' desire to invest, and "crowds out" domestic investment. B. increases firms' desire to invest, but "crowds out" domestic investment. C. reduces foreigners' willingness to invest in the U.S., but still "crowds out" domestic investment. D. increases foreigners' willingness to invest in the U.S., which "crowds out" domestic investment.
Which of the following is most likely to be used as a measure of the velocity of money in the country of Versovia?
a. Citizens earning about $100,000 per annum b. The average cost of a vacation in the country being $1,000 c. Citizens saving more than 10 percent of their annual income d. Citizens spending about $10,000 annually on an average on vacations
Which of the following terms refers to a government payment to a domestic producer?
A. Value-Based Benefit B. Ad valorem tariff C. Subsidy D. Specific tariff E. Quota
Which of the following is true regarding the reserve requirements?
A) The Fed changes them frequently because they are a power monetary policy tool. B) The Fed does not change them much at all because taxation is a more impactful monetary policy tool. C) The Fed changes them frequently because doing so simplifies banking operations. D) The Fed does not change them much at all because doing so would make banking operations