The FDIC raises its funds by _____________.
Fill in the blank(s) with the appropriate word(s).
taxing its member banks from 12 to 16 cents for every $100 of deposits
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Answer the next question using the following budget information for a hypothetical economy. All data are in billions of dollars. Also assume that all budget surpluses are used to pay down the public debt. Government SpendingTax RevenuesGDPYear 1$800$825$4,000Year 28508504,200Year 39008754,350Year 49509004,500Year 51,0009254,600Assume that year 1 is the first year for this economy and year 5 is the current year. What is the public debt in this economy at year 5?
A. $75 billion B. $25 billion C. $925 billion D. $125 billion
GDP per capita is a relatively good measurement of:
a. the distribution of income. b. purchasing power. c. household production. d. the standard of living.
When the Fed buys United States bonds,
A. excess reserves in commercial banks are increased immediately. B. the banking system will decrease the number of loans that are made. C. total bank reserves are decreased. D. the value of the money multiplier slowly declines to a new stationary level.
The external costs associated with gambling include
A. the crowd control problems at casinos. B. the effects on the gamblers' family. C. the cost of security at casinos. D. the losses to gamblers.