The biggest deterrent to bank panics in the United States is _________.
Fill in the blank(s) with the appropriate word(s).
Deposit insurance (or FDIC)
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Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a ________ and under a fixed exchange rate system a decrease in the official value of a currency is called a ________.
A. depreciation; devaluation B. appreciation; revaluation C. depreciation; appreciation D. revaluation; appreciation
The decay rate is the speed at which economic profits go to zero
Indicate whether the statement is true or false
How many countries have deposit insurance programs?
a. About 50 b. About 70 c. About 100 d. All countries
When considering choice architecture, a nudge:
A. can sometimes accomplish public policy goals in a less expensive way than traditional methods. B. presents choices that are similar to participants' ideal choices, but are slightly better than them. C. is a deliberate push by choice architect to get all people to behave a certain way. D. allows participants to choose among only choices that are good for them.