In which year was the Federal Deposit Insurance Corporation (FDIC) established?
A) 1929 B) 1933 C) 1913 D) 1951
B
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The relationship between real GDP and potential GDP over the business cycle can be best summarized by which of the following statements?
A) Real GDP fluctuates around potential GDP. B) Real GDP is always equal to potential GDP. C) Real GDP cannot be greater than potential GDP. D) Real GDP cannot be less than potential GDP. E) Real GDP cannot be equal to potential GDP.
According to your authors, the United States would probably not have experienced tremendous economic growth between 1800 and 1870 were it not for
A) slavery. B) sharecropping. C) antitrust legislation. D) balanced federal budgets. E) technological innovation.
Which is NOT an example of moral hazard
a. people eat more at all-you-can-eat buffets b. loggers select the most profitable trees to harvest even when they are paying a fixed fee c. Drivers of heavier, safer cares are more likely to run stop signs d. workers on commission work harder than those paid an hourly wage
If the Central Bank wants to increase the supply of money in the economy, it should:
(a) Raise the reserve requirement. (b) Raise the rate of discount. (c) Buy government bonds in the market. (d) Both (a) and (b) are correct.