The Financial Services Modernization Act
A) effectively repealed the Glass-Steagall Act of 1933.
B) increased restrictions on cross-ownership of different types of financial institutions.
C) allowed mergers between commercial banks and investment banks, but not between commercial banks and insurance companies.
D) All of the above.
A
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For many years the United States was able to retain a system for drafting young men into the armed forces because
A) the public feared the menace of Communism. B) patriotism had declined and so volunteers were not available. C) young men were not willing to risk their lives. D) many people adversely affected found it more to their advantage to use some personal escape route than to attack the system directly.
The Fed was founded in 1913 to serve as lender of last resort to bankers during bank runs and panics
Indicate whether the statement is true or false
Tony spends $36 per month on cookies. For him, chocolate chip cookies and peanut butter cookies are perfect substitutes. Chocolate chip cookies are $4 per dozen and peanut butter cookies are $3 per dozen
How many dozen of each type of cookie will Tony buy in a given month if he wants to maximize his utility?
The market demand for a good is determined by horizontally summing the demand curves of individual consumers
Indicate whether the statement is true or false