Free FSOT Exam Braindumps (page: 17)

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Economist and philosopher Adam Smith's expression, "the invisible hand" refers to a theory or belief that:

  1. the greed of capitalists seeking wealth actually helps the poor in society
  2. the world economy is governed by a series of natural laws
  3. outside forces beyond human control influence the economy
  4. governments should not impose economic regulation

Answer(s): A



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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

Answer(s): A



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In the United States changes in the money supply are controlled by:

  1. the US Treasury Department
  2. the Federal Reserve Bank
  3. the House Committee on Financial Services
  4. the Bureau of Engraving and Printing

Answer(s): B



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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. $9000.00
  3. $15900.00
  4. $24000.00

Answer(s): B



Page 17 of 81



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