Describe the role of the Federal Deposit Insurance Corporation (FDIC)
The FDIC is the primary mechanism by which the federal government guarantees the safety of deposits at most banks. The existence of the FDIC increases the stability of the banking system by significantly decreasing the likelihood of bank runs.
You might also like to view...
The New York Stock Exchange is the only place where a corporation can sell stocks and raise money.
Answer the following statement true (T) or false (F)
A business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent $250,000/month. If the firm produces 1,000,000 units a month, the total variable costs equal
a. $125Million b. $45Million c. $1Million d. $170Million
The term marginal revenue product (MRP) refers to the change in output if an additional worker is employed
a. True b. False
Which of the following is the correct formula for the simple spending multiplier?
a. (1-MPC)/1 b. 1/(1-MPC) c. MPS/(1-MPC) d. MPC/(1-MPS)