Unit Test Answers

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1
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Which statements correctly describe bank loans? Choose three correct answers.Longer-term deposits pay interest.A bank lends money to a customer.Bank loans provide easier access to deposits.The customer pays back money over time.The customer pays extra money, called interest.

A
Longer-term deposits pay interest.
B
A bank lends money to a customer.
C
Bank loans provide easier access to deposits.
D
The customer pays back money over time.
E
The customer pays extra money, called interest.
2
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To maximize employment, the Fed tries to make sure that .

A
the economy grows
B
prices increase
C
interest rates decrease
3

The Fed has the most direct influence over .

A
unemployment
B
interest rates
C
foreign money

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