The ability to use the too-big-to-fail policy was curtailed by the passage of the FDICIA
To use this action today, the FDIC must get approval of a two-thirds majority of both the Board of Governors of the Federal Reserve and the directors of the FDIC and also the approval of the A) Secretary of the Treasury.
B) Senate Finance Committee Chairperson.
C) President of the United States.
D) governor of the state in which the failed bank is located.
A
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If the Fed wants to increase the federal funds rate through open market operations, it ________
A) decreases tax rates B) buys bonds C) sells bonds D) increases tax rates
Suppose hamburgers and hotdogs are substitute goods. Other things constant, a rise in the price of hotdogs would tend to
A) decrease the demand for hotdogs. B) decrease the demand for hamburgers. C) increase the demand for hotdogs. D) increase the demand for hamburgers. E) do any of the above, because nobody needs hotdogs or hamburgers.
If the elasticities of demand for alcohol, tobacco and gasoline are low and the elasticities of supply are high, then the burden of these taxes (excise taxes) falls more heavily on buyers than on sellers
Indicate whether the statement is true or false
Assuming a fixed amount of taxes and a closed economy, calculate the value of the government purchases multiplier, the tax multiplier, and the balanced budget multiplier if the marginal propensity to consume equals 0.75
What will be an ideal response?