while you make $25,000 a yr and you pay $7500 in taxes, then we can conclude tha

ID: 1248166 • Letter: W

Question

while you make $25,000 a yr and you pay $7500 in taxes, then we can conclude that tax system is progressive

a. true

b. false

2. The MI definition of money includes

a. a long-term government bonds

b. savings accounts with access to the money market

c. certificates of deposit

d. credit cards

e. checking accounts with access to an ATM machine

3. The FDIC was established in 1933 to

a. force banks to be more cautious in their lending practices

b. discourage bank runs by insuring deposits in commerical banks

c. guarantee that a min rate of interest is paid on every deposit

d. outlaw bank failures

e. increase reserve requirements for commercial banks to 100 percent of deposits

1. B 2. E 3. B 21. A 22. ? (not legible, too low quality of a picture)

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