A major point of difference between President Obama and Senator McCain in the 2008 campaign was
A. the desirability of increasing the federal minimum wage.
B. the wisdom of stabilizing the U.S. banking system.
C. the temporary Bush tax cuts of 2003.
D. all of the options are correct.
Answer: C
Economics
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If the Federal Reserve purchases $1 million in government securities in the open market, with a 25 percent required reserve ratio on deposits, the maximum increase in deposits would be
a. $4 million. b. $10 million. c. $25 million. d. -$4 million. e. none of the above
Economics
Which of the following is an example of a financial derivative?
A) An option to purchase stock in the future B) A share of stock in Microsoft C) A U.S. government bond D) Monetary gold
Economics