322-18

  1. The market interest rates attached to treasury bonds, notes, and bills serve as critical benchmarks for the fixed income security market around the globe.  

    A) True  
    B) False
    A) True  
  2. State and local government expenditures per citizen have risen from less than $800 in 1948 to more than $4,300 in 2004, growing significantly faster than federal government spending per person.  

    A) True  
    B) False
    A) True  
  3. The public debt has increased over the long term compared to the national income.  

    A) True  
    B) False
    B) False
  4. The public debt of the United States is smaller than the total volume of the U.S. mortgage debt outstanding.  

    A) True  
    B) False
    A) True  
  5. Congress desires to shift more of the tax burden onto poor citizens, as evidenced by the trends in the personal income tax revenues over the last two decades.  

    A) True  
    B) False
    B) False
  6. Smaller volume investors, including individuals, can place noncompetitive tenders, which are agreements to accept the single price established ____________________ for U.S. treasuries.  





    C) in the auction
  7. Treasury IOUs issued in the most recent auction are referred to as "on the run," while those issued in earlier auctions are labeled:  





    A) "off the run."  
  8. U.S. Treasury securities today are:  





    E) A and C only
  9. The majority of local government revenue comes from:  





    D) property taxes.
  10. According to the textbook, most authorities on economic policy are convinced that the debt management activities of the Treasury:  





    A) do not have a major impact on economic conditions.
Author
SAngell3
ID
223254
Card Set
322-18
Description
322-18
Updated