100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BUSN 11 Chapter 2 Practice Questions With Revised Answers $10.49   Add to cart

Exam (elaborations)

BUSN 11 Chapter 2 Practice Questions With Revised Answers

 4 views  0 purchase
  • Course
  • BUSN 11
  • Institution
  • BUSN 11

©THEBRIGHTSTARS 2024 BUSN 11 Chapter 2 Practice Questions With Revised Answers In the context of the global economic crisis, _____ are defined by experts as loans to borrowers with low credit scores, high debt-to-income ratios, or other signs of a reduced ability to repay the money they borro...

[Show more]

Preview 1 out of 3  pages

  • September 4, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUSN 11
  • BUSN 11
avatar-seller
Brightstars
©THEBRIGHTSTARS 2024



BUSN 11 Chapter 2 Practice Questions With
Revised Answers

In the context of the global economic crisis, _____ are defined by experts as loans to borrowers
with low credit scores, high debt-to-income ratios, or other signs of a reduced ability to repay the
money they borrow. - answer✔✔subprime mortgages
In the context of the global economic crisis, which of the following statements is true of
subprime mortgage loans? - answer✔✔They were seen by the lenders as low-risk loans.
Which of the following was a result of the collapse of financial institutions during the economic
crisis in the United States? - answer✔✔Companies began to announce layoffs.
Which of the following is a difference between the Troubled Assets Relief Program (TARP) and
the American Recovery and Reinvestment Act? - answer✔✔TARP was a $700 billion economic
bailout plan, whereas the American Recovery and Reinvestment Act was an $825 billion
economic stimulus package.

In the context of fiscal policy, most economists agree that: - answer✔✔lower taxes can leave
more money in people's pockets for them to spend or invest.

Which of the following statements is true of the fiscal cliff? - answer✔✔It was a package of
draconian across-the-board spending cuts.

Which of the following statements best describes a budget deficit? - answer✔✔It is the shortfall
that occurs when expenses are higher than revenue over a given period of time.
In the context of monetary policy, which of the following statements is true of commercial
banks? - answer✔✔They accept demand deposits and make loans for the public
In the context of monetary policy, which of the following statements is true of open market
operations? - answer✔✔They involve securities that the government issues to finance its deficit
spending.
In the context of monetary policy, when the Fed reduces the discount rate, banks: -
answer✔✔can obtain funds at a lower cost.

If the Federal Reserve increases the reserve requirement, _____. - answer✔✔banks must hold
more funds

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Brightstars. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart