The United States balance of payments accounts
a. records all earnings from the foreign activities of U.S. residents.
b. records all expenditures of U.S. citizens' abroad.
c. records all earnings from the foreign activities of foreign governments.
d. Both a and b
e. All of the above
D
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The "discount rate" is the rate used by the Fed when
A) the Fed extends a short-term loan directly to a commercial bank. B) the Fed extends a short-term loan to one of the regional Federal Reserve banks. C) the Fed calculates the present value of particular long-term investment projects. D) the Fed makes cash available for the federal government.
Which investment bank filed for bankruptcy on September 15, 2008 making it the largest bankruptcy filing in U.S. history?
A) Lehman Brothers B) Merrill Lynch C) Bear Stearns D) Goldman Sachs