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Question
Briefly explain the term balance of payments.
Answer
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Related questions
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The right of ____________________ allows a consumer to change his or her mind about a loan until midnight of the third business day following the signing of papers.
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The main goals of the Federal Reserves ____________________ policy are to maintain economic growth, to stabilize prices, and to keep international payments flowing smoothly.
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a. Fair Debt Collection Act
b. Fair Credit Reporting Act
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Which of the following is NOT a function of the Federal Reserve?
a. levying a high tax on state bank notes
b. conducting bank examinations
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When did the U.S. government begin to print paper currency? Where did American paper currency come from before then?
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How did Alexander Hamilton attempt to establish the federal government as the final authority for Americas economic security?
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A(n) ____________________ savings account provides a ledger of activity that a teller updates when a customer makes deposits or withdrawals.
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a. Reserve requirements apply to the M1 and M2 money supply.
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c. Reserve requirements do not change very often.
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Money doesnt just mean currency, but also checks, ledger transfers, and even credit.
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What is a promissory note?
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Online systems called _________________________ allow consumers to pay each other directly for a product.
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Marisol has written a $500 check to Stephen, but she has only $300 in her account and it is returned unpaid to Stephen. Marisol has written a
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b. promissory note.
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d. bounced check.
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Which of the following largely eliminated the wide variation of legal regulation from the countrys payments system?
a. Federal Reserve Act of 1913
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c. National Banking Act of 1864
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Which of the following features of a check indicates who is to receive the funds?
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What is a certificate of deposit?
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What is a demand deposit?
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A loosening of lending oversight standards contributed to the recent mortgage crisis.
a. True
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Counterfeiting was not a problem when the government first began printing paper currency.
a. True
b. False