What is one of the benefits of FDIC insurance?
a. Banks are more likely to manage their money carefully.
b. It provides banks with an attractive place to invest their reserves.
c. It drives down the interest rate.
d. Banks are more stable, so the money supply is more stable.
d. Banks are more stable, so the money supply is more stable.
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The consumer price index measures the cost of:
A. a fixed basket of goods and services. B. all goods and services purchased by consumers. C. goods and services required to live above the poverty level. D. a changing basket of goods and services.
The General Agreement on Tariffs and Trade (GATT) was established in
a. 1870 to protect U.S. industries and decrease world trade b. 1921 to manage legal and accounting requirements for U.S. tariffs and quotas c. 1947 to reduce trade restrictions among 23 countries d. 1973 to increase trade restrictions, after OPEC significantly raised oil prices e. 1990 to create a common market
When the price is $2
A. quantity supplied is greater than quantity demanded and, therefore, price must rise to get to equilibrium.
B. quantity supplied is less than quantity demanded and, therefore, price must fall to get to equilibrium.
C. quantity demanded is greater than quantity supplied and, therefore, price must rise to get to equilibrium.
D. quantity demanded is greater than quantity supplied and, therefore, price must fall to get to equilibrium.
A monetized debt prompts:
A. a contractionary monetary policy. B. an expansionary tax base. C. an inflationary tax. D. a contractionary fiscal policy.