Choose the Word or Phrase in [ ] Which Will

question 20

Multiple Choice

Choose the word or phrase in [ ] which will correctly complete the statement. Select
-During the past few years,the number of financial institution failures per year has [risen | dropped].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Planned Economy

An economic system where the government controls and regulates production, distribution, and prices.

Laissez-Faire Economy

an economic system with minimal government intervention, where transactions are dictated by private parties.

Central Direction

The control of economic or organizational activity by a central authority or government.

Past Income

The amount of money earned in preceding periods, often used to assess financial stability or creditworthiness.