The Suffolk System
a. operated similarly to the modern Federal Deposit Insurance Corporation.
b. led to lower discount rates on the notes of country banks in New England.
c. was established by Nicholas Biddle.
d. was used primarily prior to 1863 in Louisiana.
e. All of the above.
b. led to lower discount rates on the notes of country banks in New England.
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Which of the following statements correctly differentiates between unemployed workers and discouraged workers?
A) Unemployed workers refer to the skilled workers who have been laid off, while discouraged workers refer to the unskilled workers who have lost their jobs. B) Unemployed workers are counted in the labor force, but discouraged workers are excluded from the labor force. C) Unemployed workers do not have a paid job, while discouraged workers have a paid job. D) The unemployment benefits received by unemployed workers are not capped, while the unemployment benefits received by discouraged workers are capped at a maximum.
A complement is a good
A) of lower quality than another good. B) used in conjunction with another good. C) used instead of another good. D) of higher quality than another good.
Why do U.S. government loans generally pay a low interest rate?
What will be an ideal response?
Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. Assume no transaction costs and a competitive market. At the optimal bid-ask spread, how many transactions would the market maker undertake in this market
a. two transacttions b. three transactions c. four transactions d. five transactions