A system that guarantees that depositors will not lose money even if the bank goes bankrupt is known as
A. deposit insurance.
B. banking regulation..
C. reserve.
D. None of the above is correct.
Answer: A
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What does a current account deficit do that is positive for a nation?
What will be an ideal response?
A nominal anchor promotes price stability by
A) outlawing inflation. B) stabilizing interest rates. C) keeping inflation expectations low. D) keeping economic growth low.
During the colonial period there were no apparent economies of large-scale production in:
a. rice. b. wheat. c. tobacco. d. indigo.
In the DuPont cellophane case, rivals accused DuPont of monopolizing cellophane. DuPont claimed that the relevant market was flexible wrapping material, such as wax paper and aluminum foil, rather than just cellophane. DuPont won the case. What type of evidence constituted DuPont's defense?