The Federal Deposit Insurance Corporation:
A. has eliminated bank failures.
B. insures all demand deposits without limit.
C. insures all demand deposits up to $100,000.
D. includes commercial banks and state-chartered banks as its members.
Answer: C
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Under socialism, no markets can operate at all
a. True b. False Indicate whether the statement is true or false
Which of the following will likely occur when price floors in agriculture are implemented?
A) Quantity supplied will exceed quantity demanded.
B) Quantity demanded will exceed quantity supplied.
C) Farmland will be underutilized.
D) Supply will decrease.
The consumption function is the relationship between
A. real consumption spending and real saving. B. real consumption spending and real taxes. C. real consumption spending and investment spending. D. real consumption spending and real disposable income.
For a perfectly competitive firm, in the long-run equilibrium
A) P = MC = ATC = MR. B) MR = MC = AFC. C) MR = P = ATC = AFC. D) P = MC > ATC.