How to find the answer on chemistry question?

Posted on 2014-12-19 06:36:00 in Economics by RICKY

Multiple Choice

1). If the tax revenue of the federal government exceeds spending, then the government necessarily

a. runs a budget deficit.

b. runs a budget surplus.

c. runs a national debt.

d. will increase taxes.

2). Which of the following is the correct way to compute the future value of $100 put into an account that

earns 4 percent interest for 10 years?

a. $100(1 + .0410)

b. $100(1 + .04 10)

c. $100 ? 10 (1 + .04)

d. $100(1 + .04)10

3). Which of the following is a function of money?

a. a unit of account

b. a store of value

c. medium of exchange

d. All of the above are correct.

4). Which of the following statements is correct?

a. All items that are included in M1 are included also in M2.

b. All items that are included in M2 are included also in M1.

c. Credit cards are included in both M1 and M2.

d. Savings deposits are included in both M1 and M2.3

5). The Federal Reserve

a. is responsible for conducting the nation’s monetary policy, and it plays a role in regulating banks.

b. is responsible for conducing the nation’s monetary policy, but it plays no role in regulating banks.

c. is not responsible for conducting the nation’s monetary policy, and it plays a role in regulating banks.

d. is not responsible for conducing the nation’s monetary policy, and it plays no role in regulating banks.

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