Financial Systems

Question 1

WHo regulates the US economy and financial institutions?

Accepted Answer

Federal REserve

Question 2

Which does the federal government spend the smallest percentage on?

Accepted Answer

highways

Question 3

Currency (money) systems .change throughout history

Accepted Answer

true

Question 4

The state of Virginia spends more on expenditures than it collects in revenue?

Accepted Answer

false

Question 5

Half of the federal revenue is taken from this group.

Accepted Answer

individuals

Question 6

WHat is included in a discussion of the nation's financial system?

Accepted Answer

ALl of the above

Question 7

AN example of a progressive tax policy is?

Accepted Answer

income tax

Question 8

I am ready for the quiz

Accepted Answer

Yes

Question 9

Money helps grease the economic engine by all except:

Accepted Answer

feeling good in your wallet

Question 10

Which level of government mostly pays for education?

Accepted Answer

local

Question 11

Sales tax paid at the register is an example of what kind of tax?

Accepted Answer

regressive

Question 12

WHy is a dollar bill worth a dollar?

Accepted Answer

because we trust it to be understood as the value

Question 13

What financial institution specializes in mutual funds and stock purchases?

Accepted Answer

Investment broker

Questions 13