Question 1
The federal government pays for the services it provides primarily through:
Question 2
In our financial system, the money multiplier:
Question 3
U.S. debt management is generally designed to:
Question 4
In fall 2008, the U.S. Congress and President George W. Bush responded to the financial crisis with the passage of the _____________ in early October of that year.
Question 5
Who made the following famous statement: "The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
Question 6
Budgetary deficits always have the effect of:
Question 7
Special Drawing Rights are a form of reserve asset or paper gold created by the:
Question 8
The government entity responsible for fiscal policy is:
Question 9
The monetary base:
Question 10
Bank reserves are increased when the Treasury:
Question 11
The benefits of specialization of effort among nations depend primarily upon:
Question 12
A statement by a bank guaranteeing acceptance and payment of a draft up to a stated amount is called a (n)
Question 13
The firm that enters into a futures contract with respect to foreign exchange does so:
Question 14
The _______ includes ALL international transactions.
Question 15
The Board of Governors of the Federal Reserve System considers bankers' acceptances used in international trade to be:
Question 16
The manager of the foreign exchange office of a multinational corporation could, in anticipation of a decline in the value of currency of one of its foreign accounts:
Question 17
The traveler's letter of credit is usually used by:
Question 18
An importer will generally try to avoid making payment for a purchase before the goods are actually shipped by:
Question 19
In purchasing a claim to foreign exchange:
Question 20
A draft that is not accompanied by any special documents and generally used when the exporter has confidence in the importer's ability to meet the draft when presented is known as: