The National Debt

Please choose the most appropriate answer for each sentence.
  • 1

    The national debt can be thought of as the accumulated debt the government owes from all those years of borrowing money to pay off the annual federal ......

  • 2

    ..... market refers to the purchase or sale of securities between the time of their initial issuance and before they mature; many money market instruments are sold and bought several times by different investors before they mature.

  • 3

    There are roughly six main categories of ..... liabilities: Long-Term Debt, also known as Funded Debt, Bonds Payable, Obligations Under Capital Lease, Deferred Tax Liability, Pension Liability, and Mortgages Payable.

  • 4

    For tax years 2004 and earlier, use the tax ..... if your taxable income is less than $100,000; if $100,000 or more, use the tax rate schedules.

  • 5

    The literature focuses on Chinese and Japanese exchange rate strategies as the origin of the Asian crisis; McKinnon and Schnabl argue that, from 1995 to 1998, the depreciation of the Japanese yen eroded the international competitiveness of its smaller neighbouring countries, which kept ..... to the dollar.

  • 6

    A ..... contribution is an extra contribution paid in addition to the mandatory contribution a member can pay to the pension fund in order to increase the future pension benefits.

  • 7

    The ..... started as an alternative to the NYSE; it originated when brokers began meeting on the curb outside the NYSE in order to trade stocks that failed to meet the Big Board's stringent listing requirements.

  • 8

    Congress created the Commodity Futures Trading ..... (CFTC) in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States; the agency's mandate has been renewed and expanded several times since then, most recently by the Commodity Futures Modernization Act of 2000.

  • 9

    Stop-and-..... should be used sparingly, when conditions require it; if your stop loss gets hit, it usually means that the market will go against you for some time before moving back in your direction, so your outlook should be to reinstate your original trade in the original direction, not trade in the opposite direction.

  • 10

    ..... assumes that an entity sells, uses or disposes of its newest inventory first; using this method to evaluate and manage inventory can be tax advantageous, but it may also increase tax liability.

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