The First Departments Created by Congress Include All of the Following

question 59

Multiple Choice

The first departments created by Congress include all of the following EXCEPT

• A) the Justice Department.
• B) the State Department.
• C) the Treasury Department.
• D) the War Department.
• E) the Post Office.

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Definitions:

Double Coincidence

A situation in barter economies where two parties each possess an item the other wants, allowing for an exchange without the need for a common unit of value.

Small Denomination Time Deposits

Bank deposits that are held for a fixed term with a specified small minimum amount and earn interest over time.

Large Denomination Time Deposits

Time deposits in a bank or financial institution with a large minimum amount of money required, typically over $100,000, and a fixed term.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits, small time deposits, and money market mutual funds.