Which of the Following Is Correct

question 23

Multiple Choice

Which of the following is correct?

• A)Economic fluctuations are easily predicted by competent economists.
• B)Recessions have never occurred very close together.
• C)Spending,income,and production do not fluctuate closely with real GDP.
• D)None of the above is correct.

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Definitions:

Savings and Loans

Financial institutions traditionally focused on accepting savings deposits and making mortgages and other loans.

Credit Unions

Member-owned financial cooperatives that provide savings, credit, and other financial services to their members with typically favorable interest rates and terms.

Electronic Fund Transfers

The transfer of money from one account to another, conducted electronically, often through computer systems and without the direct hand-off of physical money.

Negotiable Instruments

Financial documents that guarantee the payment of a specific amount of money, either on demand or at a set time, and are transferable from one party to another.