Households
A) Are dis-savers in their early and later years
B) Are savers during most of their working years
C) On net are surplus or saving units
D) All of the above
Correct Answer:
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Q1: The term financial system refers to
A) Financial
Q3: Businesses
A) Are deficit units because the profit-maximizing
Q4: State and local governments
A) Are chronic deficit
Q5: Commercial banks
A) Are surplus units
B) Are deficit
Q6: For the United States, the external sector
Q7: If funds supplied by surplus units exceeded
Q8: Lower financing costs (interest rates)
A) Encourage businesses
Q9: Which of the following is characteristic of
Q10: In a competitive financial system
A) Surplus funds
Q11: If government spending were to increase and
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