Author Question: One difference between the federal government budget and state and local budgets is that a. ... (Read 98 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
One difference between the federal government budget and state and local budgets is that
 
  a. deficits in state and local governments average zero over longer periods of time.
  b. cyclical deficits are zero for state and local governments.
  c. state and local governments typically run surpluses.
  d. both a and b.
  e. none of the above.

Question 2

Early nineteenth century banks primarily
 
  (a) enabled small savers to buy shares in a diversified portfolio of investments.
  (b) accepted and managed checkable deposits.
  (c) provided a broad range of financial services.
  (d) relied on a federal safety fund in times of well spread crisis.



orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

C

Answer to Question 2

(a)



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

For a complete list of videos, visit our video library