Which of the Following Statements Accurately Describes the Role of the Federal

question 72

Multiple Choice

Which of the following statements accurately describes the role of the federal government under Roosevelt?

• A) The power of the federal government was second to that of the state governments, which were tasked with solving the Great Depression.
• B) The power of the federal government was second to that of Big Business, which had helped secure Roosevelt the presidential election.
• C) Roosevelt refused to expand the scope of the federal government because he feared it would place the budget under great strain and put the government in debt.
• D) National economic planning, restoring prosperity, and ensuring social security for all fell under the responsibility of the federal government.
• E) Roosevelt used the federal government to preserve capitalism as a system more engrained in the fabric of America than ever before.

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Definitions:

Present Value

The current value of a future amount of money, calculated using a specific interest rate to account for the time value of money.

Annual Cash Operating Costs

Refers to the total amount of cash expenditures that a business incurs within one year to maintain its operations excluding non-cash expenses.

New Bus

A recently manufactured bus, not previously used or owned, often equipped with the latest features and technology.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.