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: 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: 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: