If Funds Supplied by Surplus Units Exceeded Funds Demanded by Deficit

Q2: The term financial system refers to<br>A) Financial

Q3: State and local governments<br>A) Are chronic deficit

Q4: If government spending were to increase and

Q5: Which of the following is characteristic of

Q6: An effective financial system<br>A) Reallocates risk toward

Q7: Households<br>A) Are dis-savers in their early and

Q8: Commercial banks<br>A) Are surplus units<br>B) Are deficit

Q9: In a competitive financial system<br>A) Surplus funds

Q11: Businesses<br>A) Are deficit units because the profit-maximizing

Q12: For the United States, the external sector