The major protection against sudden mass attempt to withdraw cash from banks is the:
a. Federal Reserve.
b. Consumer Protection Act.
c. deposit insurance provided by the FDIC.
d. gold and silver backing the dollar.
c
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The unemployment rate is
A) the percentage of the labor force that is unemployed. B) the percentage of the number employed that is unemployed. C) the percentage of the working-age population that is employed. D) the percentage of the working-age population that is unemployed. E) the percentage of the labor force that is employed.
Which of the following things do banks do with the funds they acquire from savers?
A) invest in corporate stock B) invest in corporate bonds C) make loans to individuals D) all of the above
If government regulations significantly increase the cost of operating within a particular market, one result is that
A) new firms are discouraged from entering the market. B) barriers to entry are nullified. C) a perfectly competitive market environment is encouraged. D) new firms are encouraged to enter the market.
One difference between a traveler's check and a demand deposit is that: a. a traveler's check is accepted almost as widely as currency, while a demand deposit has to be converted into cash before making transactions. b. a demand deposit is accepted almost as widely as currency, while a traveler's check has to be converted into cash before making transactions. c. a traveler's check has a longer
expiration date than a demand deposit. d. a demand deposit has a longer expiration date than a traveler's check.