Recall Application 3, "The Financial System Under Stress: September 11

question 130

Multiple Choice

Recall Application 3, "The Financial System Under Stress: September 11, 2001," to answer the following questions:
-To avoid a financial crisis after September 11, 2001, any policy by the implemented Fed must:

• A) be approved by the President of the United States.
• B) decrease the amount of money in circulation.
• C) increase the amount of money in circulation.
• D) increase the debt of the US treasury.

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Definitions:

Invoice

Bill for goods or services provided by the seller to the purchaser.

Bill

A short-term debt instrument issued by a government as a means of borrowing money with a maturity of less than a year.

Goods

Physical items that are produced, bought, or sold with the aim to satisfy the wants or needs of consumers.

Services

Actions or activities provided to satisfy the needs and wants of consumers without resulting in the ownership of a tangible product.