Who provides insurance for all demand deposit accounts up to $100,000 in banks choosing its protection?
a. Federal Deposit Insurance Corporation
b. Federal Reserve
c. Office of Management and Budget
d. Treasury
e. Securities and Exchange Commission
A
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The figure shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly and charges one price to all customers, then the consumer surplus is ________
A) $400 B) $900 C) $0 D) $200
What is the effect on the rate of inflation of the Federal Reserve printing large quantities of currency?
A. increases the rate. B. has no effect on rate. C. decreases the rate.
The economic analysis of monopolistic competition shows that market forces eliminate profits in the long run. However, it is possible for a firm to continue to earn economic profits if the firm
A) expands its marketing budget. B) adopts new technologies that enable it to lower its cost of production. C) expands its product offerings to appeal to a wider range of consumers. D) reduces its price to expand its market.
The market for used cars is shown in the above figure. Buyers cannot tell whether any given car is a lemon. Forty percent (40%) of all cars are lemons. Which of the following statements is true?
A) All of the cars will be sold. B) No cars will be sold. C) Only lemons will be sold. D) Ten percent of the used cars sold will be lemons.