Exampromax - Stuvia US 2025/2026
1
ECON UNIT 2 Questions and Answers and
Graded
What is a startup?
Correct Answer
a new business created by an entrepreneur
Competition, the pursuit of profit, and private property are parts of the
_____ system.
© 2025 Assignment Expert
Correct Answer
Exampromax - Stuvia US
free enterprise
All of the following are examples of money EXCEPT ___.
Correct Answer
your first debit card
Which event led to a more centralized banking system in the new United
States?
Correct Answer
the Revolutionary War
In October 2010, the amount of money held by individuals and companies
was $784.2 billion; checkable deposits owed by individuals and companies
were $485.2 billion; money market funds were $1.908 trillion; savings
deposits were $253.3 billion; and time deposits were $324.2 billion.
, Exampromax - Stuvia US 2025/2026
2
What was the M1 amount in October 2010?
Correct Answer
$1.27 trillion
An example of a(n) ____ fiscal policy is cutting taxes on lower-income
earners.
Correct Answer
expansionary
© 2025 Assignment Expert
Exampromax - Stuvia US
The free enterprise system is dependent upon the right of Americans to own
their own _____.
Correct Answer
businesses
Who was the major obstacle to the spread of banking in Europe during the
1500s?
Correct Answer
the Roman Catholic Church
Which President eliminated any connection between the dollar and gold?
Correct Answer
Richard Nixon
1
ECON UNIT 2 Questions and Answers and
Graded
What is a startup?
Correct Answer
a new business created by an entrepreneur
Competition, the pursuit of profit, and private property are parts of the
_____ system.
© 2025 Assignment Expert
Correct Answer
Exampromax - Stuvia US
free enterprise
All of the following are examples of money EXCEPT ___.
Correct Answer
your first debit card
Which event led to a more centralized banking system in the new United
States?
Correct Answer
the Revolutionary War
In October 2010, the amount of money held by individuals and companies
was $784.2 billion; checkable deposits owed by individuals and companies
were $485.2 billion; money market funds were $1.908 trillion; savings
deposits were $253.3 billion; and time deposits were $324.2 billion.
, Exampromax - Stuvia US 2025/2026
2
What was the M1 amount in October 2010?
Correct Answer
$1.27 trillion
An example of a(n) ____ fiscal policy is cutting taxes on lower-income
earners.
Correct Answer
expansionary
© 2025 Assignment Expert
Exampromax - Stuvia US
The free enterprise system is dependent upon the right of Americans to own
their own _____.
Correct Answer
businesses
Who was the major obstacle to the spread of banking in Europe during the
1500s?
Correct Answer
the Roman Catholic Church
Which President eliminated any connection between the dollar and gold?
Correct Answer
Richard Nixon
