In the United States today, money consists of
A) currency only.
B) deposits at banks only.
C) coins only.
D) currency and deposits at banks.
D
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What is the main role of a bank?
A. Serve as an intermediary between savers and borrowers B. Hold money in a safe for customers C. Invest in businesses D. Give out loans to customers
If a country has the ability to produce a specific good with fewer resources than other countries, then it has:
A. A comparative advantage. B. A trade surplus. C. Favorable terms of trade. D. An absolute advantage.
When the Fed injected newly made money into the economy by buying bonds, it:
A. inserted over $1 trillion of new money into the economy. B. was practicing quantitative easing. C. was trying to avoid a deflationary period similar to Japan. D. All of these statements are true.
Which of the following contributes to economic growth?
A. increase in environmental protection policies B. increase in consumer spending C. increase in labor regulations restricting the hours of overtime allowed D. increase in labor productivity