322-18

Card Set Information

Author:
SAngell3
ID:
223254
Filename:
322-18
Updated:
2013-06-10 13:55:16
Tags:
322 18
Folders:

Description:
322-18
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user SAngell3 on FreezingBlue Flashcards. What would you like to do?


  1. The market interest rates attached to treasury bonds, notes, and bills serve as critical benchmarks for the fixed income security market around the globe.  

    A) True  
    B) False
    A) True  
  2. State and local government expenditures per citizen have risen from less than $800 in 1948 to more than $4,300 in 2004, growing significantly faster than federal government spending per person.  

    A) True  
    B) False
    A) True  
  3. The public debt has increased over the long term compared to the national income.  

    A) True  
    B) False
    B) False
  4. The public debt of the United States is smaller than the total volume of the U.S. mortgage debt outstanding.  

    A) True  
    B) False
    A) True  
  5. Congress desires to shift more of the tax burden onto poor citizens, as evidenced by the trends in the personal income tax revenues over the last two decades.  

    A) True  
    B) False
    B) False
  6. Smaller volume investors, including individuals, can place noncompetitive tenders, which are agreements to accept the single price established ____________________ for U.S. treasuries.  

    A) by the FDIC  
    B) in the auction  
    C) by the Secretary of the Treasury  
    D) by the SEC  
    E) none of the above
    B) in the auction
    (this multiple choice question has been scrambled)
  7. Treasury IOUs issued in the most recent auction are referred to as "on the run," while those issued in earlier auctions are labeled:  

    A) "off the run."  
    B) "caught."  
    C) "captured."  
    D) "on the walk."  
    E) none of the above
    A) "off the run."  
    (this multiple choice question has been scrambled)
  8. U.S. Treasury securities today are:  

    A) regarded as having zero default risk.  
    B) regarded as having no market risk because price tends to be stable.  
    C) attractive to investors because of liquidity.  
    D) all of the above  
    E) A and C only
    E) A and C only
  9. The majority of local government revenue comes from:  

    A) sales taxes.  
    B) property taxes.  
    C) borrowing.  
    D) income taxes.  
    E) none of the above
    B) property taxes.
    (this multiple choice question has been scrambled)
  10. According to the textbook, most authorities on economic policy are convinced that the debt management activities of the Treasury:  

    A) do not have a major impact on economic conditions.  
    B) have a major impact on the economy and must, therefore, be carefully controlled. 
    C) have a smaller economic impact over time as the public gradually adjusts to the burden of the debt.  
    D) can be used to promote jobs and economic growth and to offset the combined effects of monetary and fiscal policy.  
    E) none of the above
    A) do not have a major impact on economic conditions.
    (this multiple choice question has been scrambled)

What would you like to do?

Home > Flashcards > Print Preview