What is the primary function of the Term Asset-Backed Securities Loan Facility?
A. Provide funding support for collateralized securities such as student, auto, and credit card
loans.
B. Provide securities loans to primary dealers for one-month terms.
C. Provide overnight loans to primary dealers willing to post loan-backed securities as
collateral.
D. Provide loans to U.S. financial institutions to purchase commercial paper.
A. Provide funding support for collateralized securities such as student, auto, and credit card
loans.
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Suppose a bank has $1,000 in deposits and $100 in reserves. If the desired reserve ratio is 5 percent, how much can this bank increase its loans?
A) $80 B) $0 C) $100 D) $400 E) $50
In the figure above, imposing a tax on the sellers of the product results in a division in which
A) all of the tax is paid by the buyers. B) all of the tax is paid by the sellers. C) the buyers and sellers pay the same amount. D) neither the buyers nor the sellers pay the tax.
Management structures that include money market funds and bond funds in addition to stock funds are known as
A) exchange-traded funds. B) dealers. C) brokers. D) families of mutual funds.
Being a very careful apartment renter (always locking the door, making sure the stove and iron are off when leaving, etc.) is an example of ________.
A) moral hazard B) certification C) a hidden characteristic D) screening