Question: _______ is defined as goods are exchanged directly for other goods.
Answer Choices:
Commodity
Currency
Barter
Answer: Barter
Question: When banks receive new deposits, they can make new loans and thus create money
Answer Choices:
up to the amount of their checkable deposits.
equal to the full amount of the new deposits.
only up to the amount of their excess reserves.
Answer: only up to the amount of their excess reserves.
Question: What is a step a bank can take to protect itself from loan defaults which can lead to recessions?
Answer Choices:
A bank can plan for recessions by opening new branches and more ATMs.
A bank can diversify its loans.
A bank can increase the same loans to build a larger pool of funds.
Answer: A bank can diversify its loans.
Question: What is one of the main methods of borrowing for firms?
Answer Choices:
Equity
Bonds
Assets
Answer: Bonds
Question: When the Central Bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is
Answer Choices:
following an expansionary monetary policy.
following a tight monetary policy.
following a contractionary monetary policy.
Answer: following an expansionary monetary policy.
Question: After 2008, quantitative easing was distinctively different from traditional central bank intervention because it focused on
Answer Choices:
encouraging investment by raising private banks’ reserves.
encouraging long-term capital projects and new mortgage conditions by purchasing long-term government securities.
restricting the private sector credit by purchasing toxic assets.
Answer: encouraging long-term capital projects and new mortgage conditions by purchasing long-term government securities.
Question: A bank is more likely to face bank runs by depositors if it
Answer Choices:
makes risky loans to investors.
keeps more of its money in reserves.
is solvent.
Answer: makes risky loans to investors.
Question: Why do the seven Federal Reserve remain for a long time with staggered terms on the Fed Board of Governors?
Answer Choices:
The length of time allows the board members to build up on-the-job wisdom and seniority.
It enables networked relationships to be built in order to make financial changes to the economy quickly.
Answer: The length of time allows the board members to build up on-the-job wisdom and seniority.
Question: Why are bank runs in the United States relatively scarce since the 1930s?
Answer Choices:
Because banks not retaining enough money in their reserves are closed by the FDIC’s deposit insurance program.
Because of the guarantees that depositors will receive a portion, if not all of their money from the FDIC deposit insurance.
Because most banks use private deposit insurance programs which supplements the FDIC depositor guarantee.
Answer: Because of the guarantees that depositors will receive a portion, if not all of their money from the FDIC deposit insurance.
Question: What is included in bank supervision?
Answer Choices:
Ensuring bank net worth remains positive, setting restrictions on investments and minimum reserve requirements.
Setting bank capital requirements, setting restrictions on types of loans a bank can make and maximum reserve requirements.
Monitoring risky investments, setting bank liability requirements, and adjusting reserve requirements.
Answer: Setting bank capital requirements, setting restrictions on types of loans a bank can make and maximum reserve requirements.
Question: When the interest rate in an economy increases, it is likely the result of either a/an ______ or a/an ______.
Answer Choices:
contractionary practice; open market sale of securities by the Fed.
decrease in the federal budget deficit; open market purchase of securities by the Fed.
increase in the federal budget deficit; open market sale of securities by the Fed.
Answer: contractionary practice; open market sale of securities by the Fed.
Question: If the Federal Reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the U.S.?
Answer Choices:
There would be no discrimination in lending by local banks.
The economy would primarily be based on a barter system rather than a fiat system.
The economy would be less efficient and transactions most likely more costly.
Answer: The economy would be less efficient and transactions most likely more costly.
Question: True or False: Acetylene is a naturally occurring conjugated diene
Answer Choices:
True
False
Answer: False
Question: True or False: The Diels-Alder reaction has the stereochemistry of the dienophile is retained in the product.
Answer Choices:
True
False
Answer: True
Question: True or False: When looking at kinetic vs. thermodynamic products the kinetic product predominates at low temperature.
Answer Choices:
True
False
Answer: True
Question: True or False: the mechanism of the Diels-Alder reaction is three π bonds break; one σ bond and two π bonds form.
Answer Choices:
True
False
Answer: True
Question: If Alyson and Art are married couple managers at a large company, which prediction is MOST likely INCORRECT?
Answer Choices:
a) Alyson took time off from the job to care for the kids when COVID-19 struck.
b) Art feels guilty about his job taking time away from the kids.
c) Alyson earns less than Art.
d) If Art is laid off, Alyson will still do most of the housework.
Answer: Art feels guilty about his job taking time away from the kids.
Question: As you are taking this test, it’s easy to look at the answers of the person next to you, but you decide not to. Using Kohlberg’s categories, pick the correct level of moral reasoning: (1) “I won’t because I might get caught”; (2) “I won’t because I believe that cheating is morally wrong”; (3) “I won’t because I took a pledge to uphold the school’s honor code.”
Answer Choices:
a) (1) conventional; (2) preconventional; (3) postconventional
b) (1) preconventional; (2) postconventional; (3) conventional
c) (1) conventional; (2) postconventional; (3) preconventional
d) (1) preconventional; (2) conventional; (3) postconventional
Answer: d) (1) preconventional; (2) conventional; (3) postconventional
Question: According to the research, ______ feel best about themselves.
Answer Choices:
a) medium-status kids
b) teen girls
c) unpopular kids
d) popular kids
Answer: d) popular kids