A restriction on bank activities that was repealed in 1999 was
A) the prohibition of the payment of interest on checking deposits.
B) restrictions on credit terms.
C) minimum down payments on loans to purchase securities.
D) separation of commercial banking from the securities industries.
D
You might also like to view...
Organizing a successful firm in a market economy has become ________ over the last century
A) politically impossible B) less difficult C) legally impossible D) more difficult
From 1980 to 1985 the dollar appreciated relative to the British pound. Holding everything else constant, one would expect that, when compared to 1980
A) fewer Britons traveled to the United States in 1985. B) Britons imported more wine from California in 1985. C) Americans exported more wheat to England in 1985. D) more Britons traveled to the United States in 1985.
Rational expectations involve: a. forecasts that are technically correct
b. forecasts that, while not necessarily correct, are the best that can be made given the available data. c. forecasts that accurately predict the short-term future for wages and prices. d. forecasts made by economists based on sophisticated econometric models.
The answer is: "It is sometimes in the best interest of business firms to pay their employees higher-than-equilibrium wage rates." What is the question?
A) What do efficiency wage models imply? B) What do classical economists say? C) What is the central tenet of Say's law? D) What did John Maynard Keynes say was the reason for inflexible wages? E) none of the above