Gig Recently Heard a Radio Report That the Fed Will

question 229

Multiple Choice

Gig recently heard a radio report that the Fed will try to help get the U.S.economy back on track.If the Fed takes action,Gig would likely see:

• A)Lower interest rates.
• B)An increase in the size of the government's budget deficit.
• C)Lower government spending.
• D)An increase in the minimum wage.

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Definitions:

Stereo

A system for reproducing sound that uses two or more independent audio channels to create a sense of location and fullness.

Invest

Deploying resources, specifically money, with the target of income or profit realization.

One-time Payment

A single financial transaction, often made for a specific purpose or to settle a liability.

Rate of Interest

The percentage of the principal amount charged by lenders for the use of their money or paid by banks on deposits over a specified time period.