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Question

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Question 1
In a less-developed economy, cattle is widely accepted as payment for goods and services. Nearly all goods and services are priced in terms of cattle; however, cows vary in quality, become less valuable with age, and are difficult to move over long distances. Which of the following functions of money do cattle provide? Select the two correct answers.(1 point)
Responses

unit of account
unit of account

store of value
store of value

uniformity
uniformity

portability
portability

medium of exchange
medium of exchange
Question 2
How does the US dollar differ from money used in the past?(1 point)
Responses

The US dollar has intrinsic value.
The US dollar has intrinsic value.

The US dollar has no intrinsic value.
The US dollar has no intrinsic value.

The US dollar has no intrinsic value but is redeemable for a valuable good.
The US dollar has no intrinsic value but is redeemable for a valuable good.

The US dollar has intrinsic value and is redeemable for a valuable good.
The US dollar has intrinsic value and is redeemable for a valuable good.
Question 3
By the end of the nineteenth century, the United States banking system transitioned from(1 point)
Responses

a decentralized system of state banks to a centralized system of state and national banks.
a decentralized system of state banks to a centralized system of state and national banks.

a decentralized system of national banks to a centralized system of state banks.
a decentralized system of national banks to a centralized system of state banks.

a centralized system of state and national banks to a decentralized system of state banks.
a centralized system of state and national banks to a decentralized system of state banks.

a centralized system of state banks to a centralized system of national banks.
a centralized system of state banks to a centralized system of national banks.
Question 4
The First Bank of the United States had characteristics that differ from those of the modern central bank of the United States. Which of the following is one such characteristic of the First Bank of the United States?(1 point)
Responses

The First Bank of the United States was issued an indefinite charter.
The First Bank of the United States was issued an indefinite charter.

The First Bank of the United States featured little corruption.
The First Bank of the United States featured little corruption.

The First Bank of the United States printed all of the nation's currency.
The First Bank of the United States printed all of the nation's currency.

The First Bank of the United States was partially owned by foreign investors.
The First Bank of the United States was partially owned by foreign investors.
Question 5
Why did an influx of immigrants coming to America occur in the 1800s?(1 point)
Responses

Significant labor was required, such as mining gold or building railroads. This let to immigrants coming from other countries to help participate.
Significant labor was required, such as mining gold or building railroads. This let to immigrants coming from other countries to help participate.

Ships were invented in the 1800s. This allowed for travel from country to country.
Ships were invented in the 1800s. This allowed for travel from country to country.

Immigration to America finally became legal in the 1800s. As a result, people started to immigrate to America.
Immigration to America finally became legal in the 1800s. As a result, people started to immigrate to America.

All other countries in the world stopped taking in immigrants. This caused all immigration to rely on America.
All other countries in the world stopped taking in immigrants. This caused all immigration to rely on America.
Question 6
How does fractional-reserve banking influence the money supply in the United States?(1 point)
Responses

Fractional-reserve banks borrow and store funds from lenders, decreasing the number of physical dollars in circulation.
Fractional-reserve banks borrow and store funds from lenders, decreasing the number of physical dollars in circulation.

Fractional-reserve banks issue depositor funds to borrowers, increasing the number of claims made on the same dollars.
Fractional-reserve banks issue depositor funds to borrowers, increasing the number of claims made on the same dollars.

Fractional-reserve banks store the entirety of every depositor's funds, limiting the amount of currency in circulation.
Fractional-reserve banks store the entirety of every depositor's funds, limiting the amount of currency in circulation.

Fractional-reserve banks are permitted to print currency, increasing the number of physical dollars in circulation.
Fractional-reserve banks are permitted to print currency, increasing the number of physical dollars in circulation.
Question 7
Which of the following is a result of the Banking Act of 1935?(1 point)
Responses

Commercial and investment banking practices are strictly separated by law.
Commercial and investment banking practices are strictly separated by law.

Depositor funds are insured against potential loss in the event of a bank failure.
Depositor funds are insured against potential loss in the event of a bank failure.

Banks are required to keep the full amount of every deposit made in their vaults.
Banks are required to keep the full amount of every deposit made in their vaults.

The US dollar can be exchanged for a fixed quantity of gold.
The US dollar can be exchanged for a fixed quantity of gold.
Question 8
What are the purpose of environmental policies?(1 point)
Responses

to prevent harmful effects of human actions on nature and natural resources
to prevent harmful effects of human actions on nature and natural resources

to encourage people to reduce, reuse, and recycle to limit their negative impact on the planet
to encourage people to reduce, reuse, and recycle to limit their negative impact on the planet

to ensure human changes to the environment do not harm the community or its members
to ensure human changes to the environment do not harm the community or its members

to protect plants and animals from harmful results of human economic activity
to protect plants and animals from harmful results of human economic activity
Question 9
Which of the following is a real-life example of how immigration policy in America can come about when American citizens voice concerns to their law-making representatives?(1 point)
Responses

Some American citizens believe an equal amount of immigrants should come from all countries and continents.
Some American citizens believe an equal amount of immigrants should come from all countries and continents.

Some American citizens believe technology and transportation are too dangerous to use. As a result, it is suggested that immigration be completely stopped for safety reasons.
Some American citizens believe technology and transportation are too dangerous to use. As a result, it is suggested that immigration be completely stopped for safety reasons.

Some American citizens believe their job prospects or financial status may be negatively affected by mass immigration and immigrants seeking work.
Some American citizens believe their job prospects or financial status may be negatively affected by mass immigration and immigrants seeking work.

Some American citizens believe immigration should only happen during certain days, particularly when America needs a lot of infrastructure work done.
Some American citizens believe immigration should only happen during certain days, particularly when America needs a lot of infrastructure work done.
Question 10
Determine whether each of the following is direct financing or indirect financing.(1 point)
Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.
Direct Financing Indirect Financing
Question 11
Investing contributes to economic growth in which of the following ways?(1 point)
Responses

Investors diversify their portfolios to minimize risk in the economy. Investors can invest in a bunch of different stocks to minimize their risk which causes economic growth.
Investors diversify their portfolios to minimize risk in the economy. Investors can invest in a bunch of different stocks to minimize their risk which causes economic growth.

Investors earn returns money on their investments, which increases their economic well-being.
Investors earn returns money on their investments, which increases their economic well-being.

Investor funds are loaned to firms, who use borrowed funds to purchase capital. Funds from investors are used by firms to purchase capital which leads to economic growth.
Investor funds are loaned to firms, who use borrowed funds to purchase capital. Funds from investors are used by firms to purchase capital which leads to economic growth.

Investors pool their funds into financial intermediaries that earn them larger returns. Investors can invest their money into mutual funds to cause economic growth.
Investors pool their funds into financial intermediaries that earn them larger returns. Investors can invest their money into mutual funds to cause economic growth.
Question 12
Which of the following are financial assets? Select the two correct answers.(1 point)
Responses

automobiles
automobiles

stocks
stocks

gold
gold

real estate
real estate

bonds
bonds
Question 13
A bond is sold at a face value of $200 with an annual yield of 3%. How much will the bondholder have received in payment from the bond issuer after the bond has reached its maturity date of one year?(1 point)
Responses

$6
$6

$406
$406

$206
$206

$200

Answer 1

Here are the correct answers for the questions you provided:

Question 1: The two correct answers are:

• unit of account
• medium of exchange

Question 2: The correct answer is:

• The US dollar has no intrinsic value.

Question 3: The correct answer is:

• a decentralized system of state banks to a centralized system of state and national banks.

Question 4: The correct answer is:

• The First Bank of the United States was partially owned by foreign investors.

Question 5: The correct answer is:

• Significant labor was required, such as mining gold or building railroads. This led to immigrants coming from other countries to help participate.

Question 6: The correct answer is:

• Fractional-reserve banks issue depositor funds to borrowers, increasing the number of claims made on the same dollars.

Question 7: The correct answer is:

• Depositor funds are insured against potential loss in the event of a bank failure.

Question 8: The correct answer is:

• to prevent harmful effects of human actions on nature and natural resources.

Question 9: The correct answer is:

• Some American citizens believe their job prospects or financial status may be negatively affected by mass immigration and immigrants seeking work.

Question 10: This question requires specific options to categorize as direct or indirect financing. Could you please provide those?

Question 11: The correct answer is:

• Investor funds are loaned to firms, who use borrowed funds to purchase capital. Funds from investors are used by firms to purchase capital which leads to economic growth.

Question 12: The two correct answers are:

• stocks
• bonds

Question 13: The correct answer is:

• $206

Feel free to ask for clarifications or additional questions!