What best explains the pattern of bank collapses in the US?
a. The vast majority of banks closed early in the decade and the closing dropped significantly in the latter half of the decade.
b. Banks collapsed consistently throughout the 1930s.
c. The failure rate was relatively low early in the decade and grew steadily throughout the period.
a. The vast majority of banks closed early in the decade and the closing dropped significantly in the latter half of the decade.
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If a salesperson is paid by the volume of sales he or she makes, then the
A) moral hazard problem is diminished. B) moral hazard problem is enhanced. C) adverse selection problem is enhanced. D) None of the above answers is correct.
Which does M1 include?
a. Coins and currency in circulation, checkable deposits, and credit cards b. Coins and currency in circulation, checkable deposits, and savings accounts c. Coins and currency in circulation checkable deposits, and traveler’s checks d. Coins and currency in circulation, coins and currency owned by banks, and traveler’s checks
Which term refers to industry conditions, such as number of sellers and the type of products that are sold?
a. Market structure b. Perfect competition c. Economic structure d. Financial market
When Ryan has an income of $2,000 . he consumes 30 units of good A and 50 units of good B. After Ryan's income decreases to $1,500, he consumes 23 units of good A and 55 units of good B. Which of the following statements is correct?
a. Both goods A and B are normal goods. b. Both goods A and B are inferior goods. c. Good A is a normal good, and good B is an inferior good. d. Good A is an inferior good, and good B is a normal good.