Which Statement Is False

question 96

Multiple Choice

Which statement is false?

• A)The 1990s was one of the most prosperous decades in our history.
• B)Our economy reached its tenth year of steady expansion in the spring of 2001.
• C)Compared to other decades,the 1990s was a decade was unique in that it had strong economic growth with no recessions.
• D)At the end of the 1990s,the government was running budget surpluses.

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Definitions:

Federal Reserve System

The principal banking organization in the United States tasked with handling monetary policy.

Federal Funds Market

A financial market that allows banks to borrow or lend reserves overnight to meet reserve requirements.

Excess Reserves

Assets retained by banks exceeding the compulsory minimum reserves stipulated by central bank regulations.

Deposits

Money placed into a financial institution for safekeeping, which can earn interest over time depending on the type of account.