Insurance — Cumulative exam Answers
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Why might a country choose to devalue its currency?
A
to please its trading partnersB
to encourage exportsC
to encourage importsD
to reduce taxes22
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Expansionary spending takes place when a government makes the decision to
p
put a freeze on the number of its employees.r
raise taxes to balance its budget.r
raise taxes to run a budget surplus.r
raise spending to stimulate the economy.23
What are standards designed to do? Check all that apply.protect consumerssupport domestic industrieslimit importsensure safetyoffer domestic industries an advantage
p
protect consumerss
support domestic industriesl
limit importse
ensure safetyo
offer domestic industries an advantage24
This graph shows changes in GDP and the unemployment rate in the United States in recent years.Which statement most accurately describes the trends shown on this graph?
W
When GDP falls, unemployment rises.G
GDP and unemployment have little to do with each other.W
When GDP rises, unemployment rises as well.G
GDP and unemployment rise at times of world crises.25
What happens when a bank is required to hold more money in reserve?
A
It has less money for loans.B
It has less money for operations.C
It has less money for interest payments.D
It has less money for withdrawals.Did you find these answers helpful?
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