The Federal Deposit Insurance Corporation was created to ensure that savings and loan associations would be guaranteed as safe as banks
Indicate whether the statement is true or false
F
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An individual deposits $12,000 in a commercial bank. The bank is required to hold 10% of all deposits on reserve. The deposit increases the loan capacity of the bank by
A. $9,600. B. $6,000. C. $10,800. D. $11,000.
New England's exports went primarily to
a. the United Kingdom. b. continental Europe. c. the West Indies. d. Africa.
In economics, the demand for money is basically a demand for
A. status. B. liquidity. C. investment. D. high returns.
Refer to the above table. The price of a hamburger is $2, the price of a movie is $10, and the consumer has $44. What is the change in quantity demanded of hamburgers if the price of a hamburger decreases to $1?
A. Quantity demanded increases by 2 hamburgers. B. Quantity demanded increases by 4 hamburgers. C. Quantity demanded increases by 1 hamburger. D. Quantity demanded increases by 3 hamburgers.