In October 2008, Congress passed the ________, under which the Treasury provided funds to banks in exchange for stock
A) Bank Rescue Alliance Treaty (BRAT) B) Mortgage Transfer Agency (MTA)
C) Financial Assurance Association (FAA) D) Troubled Asset Relief Program (TARP)
D
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A __________ discount rate makes it __________ advantageous to sell securities to obtain additional reserves
A) higher; less B) lower; more C) higher; more D) None of the above.
When externalities cause markets to be inefficient,
a. government action is always needed to solve the problem. b. private solutions can be developed to solve the problem. c. given enough time, externalities can be solved through normal market adjustments. d. there is no way to eliminate the problem of externalities in a market.
An aggregate supply curve that is a vertical line must be:
A. a short-run curve. B. an individual firm's supply curve. C. an individual industry's supply curve. D. a long-run curve.
One of the problems in conducting a duration gap analysis is that the duration gap is calculated assuming that interest rates for all maturities are the same. That means that the yield curve is
A) flat. B) slightly upward sloping. C) steeply upward sloping. D) downward sloping.