<< FIN 100 Quiz 3-Strayer >>

Review Test Submission: Quiz 3

•  Question 1

 
 The federal government pays for the services it provides primarily through:
   
•  Question 2

 
 In our financial system, the money multiplier:
   
•  Question 3

 
 U.S. debt management is generally designed to:
   
•  Question 4

 
 In fall 2008, the U.S. Congress and President George W. Bush responded to the financial crisis with the passage of the _____________ in early October of that year.
   
•  Question 5

 
 Who made the following famous statement: "The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
   
•  Question 6

 
 Budgetary deficits always have the effect of:
   
•  Question 7

 
 Special Drawing Rights are a form of reserve asset or paper gold created by the:
   
•  Question 8

 
 The government entity responsible for fiscal policy is:
   
•  Question 9

 
 The monetary base:
   
•  Question 10

 
 Bank reserves are increased when the Treasury:
   
•  Question 11

 
 The benefits of specialization of effort among nations depend primarily upon:
   
•  Question 12

 
 A statement by a bank guaranteeing acceptance and payment of a draft up to a stated amount is called a (n)
   
•  Question 13

 
 The firm that enters into a futures contract with respect to foreign exchange does so:
   
•  Question 14

 
 The _______ includes ALL international transactions.
   
•  Question 15

 
 The Board of Governors of the Federal Reserve System considers bankers’ acceptances used in international trade to be:
   
•  Question 16

 
 The manager of the foreign exchange office of a multinational corporation could, in anticipation of a decline in the value of currency of one of its foreign accounts:
   
•  Question 17

 
 The traveler’s letter of credit is usually used by:
•  Question 18

 
 An importer will generally try to avoid making payment for a purchase before the goods are actually shipped by:
   
•  Question 19

 
 In purchasing a claim to foreign exchange:
   
•  Question 20

 
 A draft that is not accompanied by any special documents and generally used when the exporter has confidence in the importer’s ability to meet the draft when presented is known as: