1. If the government of Antigua has a budget deficit then the government spent ________ than it collected from tax revenue. a. more or less b. more c. the same amount d. less. 2. Which is the following is an example of fiscal policy: a. Credit Unions offering loans to its members. b. Commercial banks reducing interest rates on mortgages. c. The government increasing its own spending. d. Antigua Commercial Bank buys shares in West Indies Oil Company Ltd 3. Suppose the ECCB reduces the reserve requirement from 6 percent to 4 percent. Which of the followingwill occur to the required reserves, all things equal? a. Interest rates will decrease b. Bank lending will increase c. Bank reserves will decrease d. Bank reserves will increase 4. Examples of money are the followingexcept: a. a debit card b. coins c. a dollar bill. d. a credit card. 5. If the nominal gross domestic product is $6 million and the money supply is $3 million, the velocity of money is: a. 2 b.4 c. 6 d. 3