Unlike the Federal Reserve Bank of today, the First and Second Banks
(a) could create corporations by special franchise.
(b) were generally supported by the rest of the banking community.
(c) were direct competitors with private business.
(d) provided a federal safety fund in times of well banking crisis.
(c)
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________ creates an informational equilibrium in which people trust the wisdom of others and ignore their own information
A) Anchoring B) Hedging C) Sniping D) Herding
Which nations does the acronym BRIC stand for?
What will be an ideal response?
The short-run break-even price
A) is the price at which the firm's current liabilities are paid off. B) is the price at which a firm's total revenues equal total costs. C) occurs at the output at which the firm yields a below normal rate of return. D) occurs at the output at which the firm yields a positive economic profit.
Suppose that Tom bought a bike from Helen for $195. If Helen's reservation price was $185, and Tom's reservation price was $215, the buyer's surplus from this transaction was:
A. $195 B. $20 C. $10 D. $215