According to this Application, after the financial crisis of 2008, Treasury Secretary Timothy Geithner and his staff made a proposal that major banks and financial institutions be subjected to
A) regulation by Congress. B) yearly audits.
C) stress tests. D) none of the above.
C
You might also like to view...
Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . What is her expected wealth?
a. 80,000 b. $87,000 c. $97,000 d. $99,000
When average variable cost is at its minimum, it is equal to the marginal cost of production at that level of output
Indicate whether the statement is true or false
Who is considered to be the most powerful person in the economic world by many observers?
a. Federal Reserve Chair b. EU Central Bank President c. Director-General of the WTO d. World Bank President
Fiscal policy may end up being destabilizing to an economy because
A. time lags are always too short for policy actions to take effect. B. the President may have different goals than Congress. C. various time lags associated with fiscal policy cause the policy changes to take effect too late to solve the problem it was supposed to solve. D. the economy is almost always at full employment.