Deposit insurance guarantees that:
A. depositors will get their deposits back, unless the bank's assets are illiquid.
B. depositors will not get their deposits back, unless the bank is solvent and liquid.
C. depositors will get their deposits back, unless the bank becomes insolvent.
D. depositors will get their deposits back, even if the bank is insolvent.
Ans: D. depositors will get their deposits back, even if the bank is insolvent.
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A) more elastic than in the short run. B) less elastic than in the short run. C) perfectly elastic. D) perfectly inelastic.
Producer surplus measures the difference between total revenues and fixed cost
a. True b. False
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a. True b. False Indicate whether the statement is true or false
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