Maximum Employment and Moderate Long-Term Interest Rates Are Best Achieved

question 132

Multiple Choice

Maximum employment and moderate long-term interest rates are best achieved with

• A) high and stable inflation rates.
• B) high and variable inflation rates.
• C) high real interest rates.
• D) high short-term interest rates.
• E) price stability.

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Definitions:

Certify A Check

Is the process by which a bank confirms that there are sufficient funds in the check writer's account to cover the amount written on the check, and so guarantees its payment.

Dishonor

The refusal or failure to accept or pay a bill of exchange, promissory note, or other negotiable instrument when due.

Primary Liability

The direct responsibility to pay or compensate for a loss or damage, without the necessity to seek contribution from others.

Cashier's Checks

A check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.