In order to safeguard the proper functioning of our monetary system, in 1913 Congress created the
a. Treasury Department
b. FDIC
c. National Bank Act
d. future funds rate
e. Federal Reserve System
E
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When analyzing graphically the relationship between more than two variables, which of the following must be used?
A) the assumption that only relevant factors change B) positive slope assumption C) assumption of little change D) negative slope assumption E) ceteris paribus
What does it mean to internalize an externality?
What will be an ideal response?
The idea that consumers determine what is produced in the economy through their demands is known as
A. consumer sovereignty. B. free enterprise. C. a laissez-faire economy. D. a command economy.
Savings and loan institutions:
A. are owned by the depositors. B. are owned by depositors who also have a common bond. C. originally were formed primarily to make home mortgages. D. today offer a much smaller array of services than when originally formed.