11.05 Unit Test National And Global Finance
Question: The Federal Reserve System is able to do which of the following things?
Answer: Provide loans to banks
Question: Which of the following things does the U.S. Constitution allow the U.S. government to do?
Answer: Punish people who make illegal copies of money
Question: What is domestic commerce?
Answer: The buying and selling of products within a particular country
Question: What is fiscal policy?
Answer: The way a government collects money and spends it on goods and services
Question: What is likely to happen to the economy when there’s too much money or credit circulating?
Answer: Prices will go uo
Question: What is the discount rate?
Answer: The interest rate that the Federal Reserve System charges member banks to borrow money from the Federal Reserve System
Question: If the Federal Reserve System lowers the reserve requirement, what will happen?
Answer: Banks will be able to give out more loans.
Question: Which of the following agencies would be most likely to oversee cleanup after an oil spill?
Answer: Environmental Protection Agency
Question: What is free trade?
Answer: Trade that governments do not interfere with
Question: What is a tariff?
Answer: A tax placed on imports or exports