A large denomination time deposit is
A. money in a passbook savings account.
B. an S & L share.
C. any money left on deposit in a bank for over one year.
D. any deposit of at least $100,000 left on deposit at a bank for a specified period of time.
D. any deposit of at least $100,000 left on deposit at a bank for a specified period of time.
You might also like to view...
Geographic restrictions on banks
A) reduce their ability to take advantage of economies of scale. B) raise the costs of their providing risk-sharing, liquidity, and information services. C) reduce their exposure to credit risk. D) reduce the amount of local lending they undertake.
Sally recently got a 15 percent raise. She now purchases 7.5 percent more steak dinners. Sally's income elasticity for steak dinners is:
a. 0.5. b. 0.75. c. 1.5. d. 2.0.
Suppose an oligopolistic market has only two firms. Which of the following is true if the firms refuse to cooperate?
a. Allocative efficiency will be achieved. b. Competition for market share will increase. c. Decision making will be mutually independent. d. Prices will be at the same level as in a monopoly market.
Finkelstein and McKnight (2008) provide an empirical estimate of the benefits to seniors of the 1965 introduction of Medicare. Which of the following statements is true concerning the results of this study?
a. There is evidence of a significant reduction in mortality from specific causes (e.g., cardiovascular disease) and the mortality rates of certain vulnerable population groups (e.g., non-whites). b. The introduction of Medicare in 1965 played an essential role in the decline in mortality rates for the elderly over the following decade. c. The real impact of the introduction of Medicare was on the reduction in out-of-pocket health care spending for households faced with catastrophic events (those in the top 25 percent of spenders). d. The long-run benefits of Medicare may be due to encouraging the use of preventive care to control chronic illnesses.