Miscellaneous Quiz / Finance Economics Quiz

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Can you answer the following fill-in-the-blank questions in this Finance/Economics Quiz?

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Fill-in-the-BlankAnswerAdditional Facts
The fallacy of ____ is the (false) statement that what is true of the parts is true of the whole or what is true of the whole is true of the parts.
The Bretton Woods Agreement in 1944 pegged the U.S. dollar to ____.
The inability of the government and government agencies to efficiently allocate resources is called ____ failure.
The concept of ____ value is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today.
____ Selection is an issue that financial intermediaries face since bad credit risks are the ones most actively seeking loans.
The U.S. debt-to-____ ratio is currently just over 100%.
Today, the U.S. has a ____ exchange rate system.
The economic tradeoff is always between efficiency and ____.
Lowering taxes and increasing spending is called expansionary ____ policy.
____ Economists believe that active help from fiscal and monetary policy is needed to ensure that the economy is operating at full employment.
Fill-in-the-BlankAnswerAdditional Facts
The most important function of money is that it is a Medium of ____.
U.S. dollar deposits in foreign banks outside the U.S. or in foreign branches of the U.S. banks are called ____dollars.
Equity and debt instruments with maturities greater than one year (long-term) are called ____ market instruments.
Equity and debt instruments with maturities less than one year (short-term) are called ____ market instruments.
Increasing the money supply and lowering interest rates is called expansionary ____ policy.
The risk that interest payments won't be made is the ____ risk.
____ money is not backed by gold or anything. It has value because the government says it does.
____ funds are loans made by banks to each other.
The ____ of an asset is determined by how quickly you can convert it into cash.
The Bretton Woods Agreement represented a ____ exchange rate system.

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