The Temporary Assistance for Needy Families (TANF) program _____.
(A) Provides benefits to a family for ten years.
(B) Can only provide jobs for individuals in an enterprise zone.
(C) Only provides cash assistance to poor families.
(D) Provides work in exchange for temporary assistance.
Ans: (D) Provides work in exchange for temporary assistance.
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In the demand and supply model of the money market, the
i. supply of money curve is a vertical straight line. ii. supply of money is the quantity that must be held by households and firms. iii. quantity of money is determined by Fed actions. A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
When a bank pays a check drawn on a customer's account to another bank, the bank loses
A) capital equal to the amount of the check. B) capital equal to the required reserve ratio times the amount of the check. C) reserves equal to the amount of the check. D) reserves equal to the required reserve ratio times the amount of the check.