When many banks fail simultaneously, this is known as a
a. run on the bank
b. depression
c. recession
d. banking panic
e. Federal Reserve crisis
D
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If a nation's government has a budget deficit, then balance on goods and services:
a. Must be positive. b. Must be negative. c. Must be increasing the nation's monetary base. d. None of the above.
Fannie Mae and Freddie Mac are important in the mortgage industry because:
a. They regulate banks and make sure their underwriting standards meet strict standards. b. They purchase mortgages, bundle them, insure them, and then sell mortgage-backed securities to investors. c. Their mandate is to develop a secondary market in global mortgage markets. d. They originate mortgages, purchase them, bundle them, insure them, and then sell mortgage-backed securities to investors. e. None of the above.
China currently has a policy to subsidize grain production to keep farmers' income up. It sets a target price for the state purchase of the grains. Currently the price is higher than the world price. China's policy has led to:
a. Increases in the domestic stocks of grain b. Decreases in the state purchases of grain c. Shortages of grain in China d. Reduction of imported grain for the use in livestock feed e. a and d
Which of the following would be most able to act like a monopsonist?
A) a hospital in a small isolated town B) a hospital in a very big city C) a law firm in Washington, D.C. D) a computer software firm in Silicon Valley