The belief that bank failures were regularly caused by fraud or the lack of sufficient bank capital explains, in part, the passage of
A) the National Bank Charter Amendments of 1918.
B) the Garn-St. Germain Act of 1982.
C) the National Bank Act of 1863.
D) Federal Reserve Act of 1913.
C
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In a graph, a line has a negative slope if
A) the line is vertical. B) the line is horizontal. C) the line rises from right to left. D) the line rises from left to right.
Temporary Assistance for Needy Families and Supplemental Security Income are
a. cash transfers for income assistance b. cash transfers for social insurance c. in-kind transfers for income assistance d. in-kind transfers for social insurance e. intended to provide health care for the poor
Explain what will happen in the market for pagers as the technology used to produce them improves at the same time that the price of cellular phones decreases
Suppose that an economics professor selects two students, Audrey and Michael, to participate in a classroom experiment. The professor gives Audrey twenty $1 bills. Audrey must pick an allocation of the twenty $1 bills to offer to Michael. If Michael accepts the allocation, each student keeps his or her portion of the money. If Michael rejects the allocation, the professor keeps the $20, and each
student receives nothing. Audrey selects $19 for herself and $1 for Michael. Based on the studies of human decision making, which of the following statements is correct? a. If Michael accepts the offer, he is behaving rationally. b. If Michael rejects the offer, he may value fairness more than $1. c. If Michael rejects the offer, Audrey made a bad choice by trying to keep $19 for herself. d. Any of the above could be correct.