. In the early 1980s, many people found themselves unable to…

. In the early 1980s, many people found themselves unable to purchase new homes because of   a.  rising prices and interest rates.   b.  rising prices and falling interest rates.   c.  new government restrictions on mortgages for first-time buyers.   d.  increases in income tax rates.

A _________ is an agreement under which stockholders of seve…

A _________ is an agreement under which stockholders of several formerly-competing companies turn over their shares to a group that exercises voting control over the companies.   a.  trust   b.  gentleman’s agreement   c.  holding company   d.  pooling arrangement

The Federal Reserve Act   a.  established a clearing…

The Federal Reserve Act   a.  established a clearinghouse system for checks and notes.    b.  allowed only nationally-chartered banks to become members of the Federal Reserve system.   c.  allowed the Fed District Banks to offer commercial loans to private businesses at reduced interest rates.   d.  required that all Fed District Bank directors be associated with the commercial banking industry.

What most accurately describes the U.S. compared to other na…

What most accurately describes the U.S. compared to other nations in the early 1900s?   a.  The U.S., which was still quite young, was one of the least productive nations in the world in both the agricultural and manufacturing sectors.   b.  The U.S., Great Britain and Germany were the three most industrialized nations.   c.  The industrial output in the U.S. was about average compared the rest of the nations in the world.   d.  The U.S., which had large supplies of land, had a highly productive agricultural sector, but its industrial productivity was quite low relative to that of other nations.