1) Deficit spending units have:

Select one:

a. Savings that exceed their financing needs, so have funds to lend

b. Savings that exceed their financing needs, so must borrow funds

c. Financing needs that exceed their savings, so must borrow funds

d. Financing needs that exceed their savings, so have funds to lend

2) The Dodd-Frank Act created:

a. Consumer Financial Protection Bureau, Stability Oversight Council, Office of Credit Ratings

b. Stability Oversight Council, Office of Thrift Supervision, Consumer Financial Protection Bureau

c. Office of Credit Ratings, Securities Trading Commission, Stability Oversight Council

d. Securities Trading Commission, Office of Credit Ratings, Consumer Financial Protection Bureau

3) Which of the following is a surplus spending unit (SSU)?

I. Investors

II. Issuers

III. Depositors

Select one:

a. I only

b. I and II only

c. I and III only

d. I, II, and III