The frequency of banking panics was greatly reduced when
a. the Federal Reserve was created
b. the federal government started insuring banking deposits
c. the Federal Reserve increased the required reserve ratio
d. the Federal Reserve started using open market operations
e. the Federal Reserve decided to take a less active role in controlling the money supply
B
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The “random walk” theory
A. has been widely used by stock brokers to advise clients about stock purchases. B. implies that stock prices can easily be predicted by stock analysts. C. implies that rumors, news, and other “signals” have an effect on stock prices. D. implies that a stock’s past performance is an excellent predictor of its future performance.
If a firm is experiencing diminishing marginal returns,
a. total output decreases as all resources are increased b. total output decreases as all resources are decreased c. total output decreases as one variable resource is increased, other things constant d. additional increments of output diminish as one variable resource is increased, other things constant e. additional increments of output diminish as all variable resources are increased
What is the present value of $10,000 8 years from now if the interest rate is 8%?
What will be an ideal response?
The price of one nation's currency in terms of the currency of another nation is called the
A. exchange rate. B. discount rate. C. IMF rate. D. fed funds ratio.