Cards in this guide (13)
What does a good credit history do for consumers
It makes it easier for them to get loans.
Why is a fractional reserve banking system necessary
To enable banks to loan out money to make a profit
Why are student loans usually guaranteed by the government
Banks don't have any collateral for student loans.
The non-monetary considerations that affect consumers' decisions are often based on what
Under a fractional reserve banking system the amount of money loaned out can only increase if what happens
The required reserve ratio is lowered.
What is most likely to push the price of a company's stock higher
An increase in demand for the company's stock
Companies use offshoring in order to do what
When does Country A have a comparative advantage over Country B in the production of televisions
Country A has a lower opportunity cost for producing
televisions.
The government sets a price floor in order to protect what
In an economic system decisions need to be made about productive resources and which of the following
What is disclosed in APR
APR is annual percentage rate. That rate would be stated in the
APR.
What is a not a way the fed can generate an increase in the money supply
Which of the these options for saving money typically offers the most liquidity