Question 31 of 50 Savings and loans generally focus on deposit accounts and automobile loans. True O False Question 32 of 50 The same type of currency is used in every country. O True O False Question 33 of 50 The government borrows money by issuing: home loans. automobile loans. government securities. Question 34 of 50 The multiplier effect refers to how: money flows through the economy. O taxes are collected by the government. O interest is paid to banks. Question 35 of 50 In banking, the word term refers to the length of a loan. True O False Question 36 of 50 Sources of income may include: dividends. All of these choices are correct. salaries. loan interest. Question 37 of 50 Question 37 of 50 According to the information in the Unit, consumers in the U.S. spend more income on food than on housing. False True Question 38 of 50 Which of the following labor laws requires that employees be warned of upcoming layoffs? the Fair Labor Standards Act the Worker Adjustment and Retraining Notification Act the Labor Warning Act the Federal Mine Safety Act Question 39 of 50 Which of the following statements about California's minimum wage is correct? It is significantly higher than the national minimum wage. It has increased in recent years to offset the rising cost of living in California. All of these choices are correct. The minimum wage is not the same in every city in California. Social Security provides payments to individuals who are: 50 or older 70 or older @ 62 or older Use the following quote to answer the question that follows: The Fed's manipulation of Interest rates, ...can create an ilusion of prosperity Eventually, reality catches up to the Federal Reserve-created fantasies. When that happens, there is a recession or worse, leading the Fed to start the whole boom-and-bust yde over again.-Ron Paul Question 41 of 50 Based on this quote, the speaker believes that the Fed's manipulation of interest rates helps prevent financial crises. o the U.S. government should have greater control over the financial markets. O interest rates should be much higher than they currently are. the Fed should be abolished because it causes boom-and-bust cycles and economic recessions Question 42 of 50 To stimulate the economy, the government might: @raise taxes. O increase taxes among the wealthy lower taxes. Question 43 of 50 U.S. Government Bonds take 30 days to mature. O True O False Question 44 of 50 Grants do not have to be paid back. O False O True Question 45 of 50 Bartering involves trading certain goods or services for different goods or services. False True Fiat money is rarely used in the modern world. O True O False Question 47 of 50 During a period of inflation, the Federal Reserve will likely: O increase the reserve requirement. decrease the reserve requirement. increase the amount of money available for loans. Question 48 of 50 Which of the following choices is one of the five main categories of taxes in the U.S.? meal taxes property taxes defense taxes O bank taxes Question 49 of 50 Which of the following choices is one of the five goals of the Federal Reserve? O collecting and clearing checks issuing automobile loans to consumers insuring bank deposits