Answer the following statement(s) true (T) or false (F)
1. Deflation can ultimately impact the stock market.
2. To this day, U.S. currency is still backed by metals such as gold and silver.
3. The Fed can easily be controlled by politicians.
4. The Fed requires banks to keep a certain percentage of all the money depositors have in that bank on hand at all times.
5. The Economic Growth and Tax Relief Reconciliation Act of 2001 included property tax rate reductions and tripled the child tax credit.
1. True
2. False
3. False
4. True
5. False
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