In its function of controlling the money supply, the Fed does which one of the following?
a. Controls the money supply.
b. Clears checks.
c. Regulates banks.
d. Holds gold belonging to foreign governments.
e. All of these.
e
Economics
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If the total revenue collected by the federal government in a particular year is $1.2 billion and the total amount spent by the government during the same year is $3.8 billion, what is the budget deficit?
A) $1.6 billion B) $2.6 billion C) $2.2 billion D) $5 billion
Economics
Which of the following is most likely to reduce an individual's current spending?
A) Paying back a loan in the future B) Depositing money in a bank today C) Borrowing money today D) Withdrawing money in the future
Economics