A legal promise to repay a debt is called:

To incentivize R&D, the government proposes to take on a company's costs if its product does not succeed. This would lead to

a. The company developing a lot more products with a low risk of failure b. The company developing a lot more products with a high risk of failure c. The company developing no high risk products d. The company going bankrupt

The Federal Reserve Board of Governors consists of:

a. 50 members selected by state legislatures. b. 12 members, one from each Federal Reserve District. c. 12 members nominated by the President and confirmed by the Senate. d. seven members elected by Congress. e. seven members nominated by the President and confirmed by the Senate.