Question

1) The Dodd-Frank Act requires that the FDIC restore its Deposit Insurance Fund to a healthy level in a period of

a) weeks.

b) months.

c) years.

d) decades.

2) Which of the following will NOT play a role in eliminating the shortcoming of the taxation system, particularly the fact that the tax system taxes nominal return rather than real return?

a) Eliminating taxation of interest

b) Introducing inflation-indexed bonds

c) Taxing only real interest income, not nominal interest income

d) Reducing inflation to zero

3) The group that determines the peaks and troughs of business cycles is a part of the

a) Department of Commerce.

b) Bureau of Labor Statistics.

c) National Bureau of Economic Research.

d) Center for International Business Cycle Research.

Answer 1

1) The Dodd-Frank Act requires that the FDIC restore its Deposit Insurance Fund to a healthy level in a period of

a) weeks.

b) months. - Answer

c) years.

d) decades.

2) Which of the following will NOT play a role in eliminating the shortcoming of the taxation system, particularly the fact that the tax system taxes nominal return rather than real return?

a) Eliminating taxation of interest

b) Introducing inflation-indexed bonds

c) Taxing only real interest income, not nominal interest income

d) Reducing inflation to zero - Answer

3) The group that determines the peaks and troughs of business cycles is a part of the

a) Department of Commerce.

b) Bureau of Labor Statistics.

c) National Bureau of Economic Research. - Answer

d) Center for International Business Cycle Research.