Civics SOL Review CE12 PFI's and Global Economy

How do banks help businesses?

• making loans
• issuing credit cards
• sharing profits
• issuing insurance

Which is NOT a reason why monopolies are bad for the consumer?

• they eliminate marketplace competition

• they result in lower quality of goods and services

• they result in higher prices

• they result in higher quality of goods and services

Savings and Loans, Credit Unions, and banks are examples of....

• private financial institutions

• economic systems

• economic flow

• business ownerships

Governments use ____________ to provide public goods and services

• tax revenue

• resources

• factors of production

• corporations

Why do Virginia and the United States trade with other nations?

• to limit borrowing

• to raise taxes

• to eliminate competition

• to increase wealth

How does the government promote marketplace competition?

• enforcing antitrust legislation

• decreasing global trade

• encouraging monopolies

• discouraging business start-ups

Where does Congress get the authority to tax personal and business incomes?

• 14th Amendment

• 16th Amendment

• The Virginia Constitution

• 5th Amendment

What is considered the federal government's bank?

• Bank of America

• The Federal Reserve System

• Feds

• private financial institutions

What kind of advancements create new jobs in the workplace?

• financial advancements

• technological advancements

• governmental advancements

• democratic advancements

Financial institutions attract funds from savers by offering ____________ on savings. 

• Profits
• Revenues
• Interest
• Benefits