In the early 2000s, laws requiring banks and mortgage brokers to disclose the terms of home loans:
A. prevented Americans from entering into mortgage contracts that they did not understand.
B. were an example of how the government can act to solve the moral hazard problem.
C. were so numerous and detailed that borrowers didn't read or understand the information the companies had disclosed.
D. reduced statistical discrimination in the home mortgage market.
C. were so numerous and detailed that borrowers didn't read or understand the information the companies had disclosed.
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The minimum amount of reserves a bank is required to hold is known as
A. Total reserves. B. Required reserve ratio. C. Excess reserves. D. The money multiplier.
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(A) Building rental costs (B) Variable costs (C) Fixed costs (D) Total costs
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