The Federal Deposit Insurance Corporation insures
A. savings accounts against unlawful transfer into checking accounts.
B. bank deposits against the failure of an individual bank.
C. that the bank will maintain sufficient required reserves.
D. bank buildings and property against fire and theft.
Answer: B
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Herd behavior can best be described as
A) the large number of investors involved in the stock market. B) how large participation in financial markets increase market efficiency. C) informed investors can outperform relatively uninformed investors. D) relatively uninformed investors follow the behavior of other investors instead of consider fundamentals.
Refer to Figure 31.2. What is the competitive level of wages and employment?
A. $11 per hour and 50 workers. B. $6 per hour and 40 workers. C. $7 per hour and 50 workers. D. $9 per hour and 40 workers.
An expansion occurs when ________, when ________, or when both of these occur.
A. potential output grows rapidly; actual output rises above potential output. B. potential output grows slowly; actual output equals potential output C. potential output grows slowly; actual output rises above potential output D. potential output grows rapidly; actual output equals potential output
If a developing country has sufficient reserves, the buying and selling of foreign currency by the central bank is:
A. likely to have a much smaller impact on the exchange rate than in developed countries. B. completely ineffective on the exchange rate. C. likely to have a much greater impact on the exchange rate than in developed countries. D. likely to have roughly the same impact on the exchange rate as in developed countries.