Private College Student Loan

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14. What happens to the money that your employer withholds from your paycheck? (1 point) Your employer holds it until you leave your job and then returns it to you. Your employer returns to you at the end of the year so that you can pay your federal taxes. You employer holds it in case you damage his property. Your employer sends it to the federal government to help pay your income tax bill. 15. Which of the following is NOT tax exempt? (1 point) the federal military base near your home your family's church the homeless shelter in your neighborhood the convenience store on the corner 16. Which of the following is an example of state spending? (1 point) the state police who stopped to assist you when you had a flat tire the state campground where your family vacations state water quality inspections all of the above 17. The federal budget is put together (1 point) every other year. by Congress and the White House. to report to Congress on the preceeding year's expenditures. in order to reimburse state governments for costs of federally funded programs. 18. When revenues exceed expenditures, (1 point) there is a budget surplus. there is a budget deficit. the government must create more money. the government is forced to issue more bonds to raise money. 19. When you buy a United States Savings Bond, you (1 point) loan money to the government. borrow money from a savings and loan association. donate money for special government projects. pay for your child's college education. 20. An accurate statement about achieving a balanced budget would be that (1 point) in 1995, Congress passed a constiutional amendment that requires a balanced budget. most states require a balanced budget for state spending. by the end of the twntieth century, the federal government had paid off most of its debts and had achieved a balanced budget. classical economist believe that a balanced budget is not in the best interest of the economy. 21. Why does the Federal Reserve alter monetary policy? (1 point) to regulate the banking industry to provide services to member banks to enable banks to clear checks to lessen the effect of natural business cycles 22. What was one reason the U.S. government started a Federal Reserve system? (1 point) to keep the banking power of the United States spread out among various districts to make sure that the U.S. banks were obeying laws regarding banking to have a place for banks to deposit their excess deposits to provide consumers with access to funds for business expansion 23. How many Federal Reserve Districts are there? (1 point) 6 9 12 20 24. Which of these situations is most likely to cause the Fed to introduce a tight money supply? (1 point) A recession has reduced aggregate demand and increased unemployment. The federal government passes a new budget with a large deficit. The economy is prosperous with relatively low inflation and low unemployment. The economy is expanding quickly and inflation is a concern. 25. What is the relationship between interest rates and demand for money? (1 point) As interest rates decrease, demand for money increases. As interest rates increase, demand for money increases. Interest rates are determined by demand for money. Interest rates and demand for money are unrelated. Answer the following questions. 26. Analyzing Information Explain how government spending can trigger a chain of events that helps to improve the economy. (5 points) 27. Recognizing Ideologies Explain the four characteristics of a good tax.

Public Comments

1. 14 federal government 15 convenience store 16 all 17congress and whitehouse 18 surplus 19 loan 21 lessen effects of business cycle 22 obeying laws 24 expandin and inflation concerns 25 interest decrease demand increases