In the wake of the failure of __________ in 1984, the FDIC announced the "too big to fail" policy
A) Mariners' Trust of Detroit
B) Manufacturers Hanover Bank
C) Silverado Savings-and-Loan
D) Continental Illinois Bank
D
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An increase in the money supply is likely to reduce
A. interest rates. B. nominal income. C. the general price level. D. money demand.
How much of U.S. garbage is disposed of in landfills?
a. 25 percent b. 40 percent c. 60 percent d. 70 percent e. 100 percent
Under the Bretton Woods agreement,
a. nations could not adjust their exchange rates relative to the dollar for any reason b. currency values were based on a market basket of European currencies plus the dollar c. the world monetary system operated exactly like the gold standard of pre-World War II years d. the dollar was selected as the key reserve currency e. gold played no role
The required reserve rate set by the Fed is ten percent of all checkable deposits. A bank sells $1 million of U.S. Treasury securities it owns to the Fed. Describe what this transaction does to the bank's total reserves, its required reserves and its excess reserves.
What will be an ideal response?