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FSOT: 500 Test Prep Study Questions - Question List

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86. Which best describes the economy of the United Kingdom of Great Britain?
  1. Traditional economy
  2. Command economy
  3. Market economy
  4. Mixed economy
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87. Which best describes the calculation of GNP or Gross National Product?
  1. The total value of goods and services produced domestically, plus income earned by citizens outside the country, less foreigner's income from domestic production
  2. The total value of goods and services produced domestically by all workers
  3. The total value of goods and services produced domestically less production costs except wages paid
  4. The total value of goods and services produced domestically, less income from foreign workers producing domestically, less the total value of goods consumed domestically
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88. In the United States changes in the money supply are controlled by:
  1. the U.S. Treasury Department
  2. the Federal Reserve Bank
  3. the House Committee on Financial Services
  4. the Bureau of Engraving and Printing
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89. If you purchase a 10 year, $15000.00 bond with an annual coupon rate of 6%, what is your total return at maturity?
  1. $900.00
  2. $9,000.00
  3. $15,900.00
  4. $24,000.00
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90. In graphing supply and demand, at what point is market equilibrium achieved?
  1. When supply is slightly above demand
  2. When supply is slightly below demand
  3. When supply and demand intersect
  4. When demand is significantly above supply
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