Firms that are designated as systemically important financial institutions (SIFIs) are subject to all of the following additional Federal Reserve regulations EXCEPT
A) higher capital standards.
B) stricter liquidity requirements.
C) providing a plan for orderly liquidation if necessary.
D) interest rate ceilings on time deposits.
D
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In calculating GDP, we must
A) add the market value of imports and subtract the market value of exports. B) add the market value of exports and subtract the market value of imports. C) exclude net exports of goods and services (NX). D) add the value of the goods produced outside of the United States by American firms. E) subtract the market value of imports, because these goods are produced in a country other than the United States, and subtract the market value of exports, because these goods are consumed in a country other than the United States.
Refer to Figure 22-1. Diminishing marginal returns is illustrated in the per-worker production function in the figure above by a movement from
A) C to D. B) D to C. C) B to C. D) A to C.
Which of the following would shift the supply curve for a good to the left?
a. an increase in the price of that good b. a decrease in the price of an alternative good c. an improvement in technology for producing that good d. an increase in the cost of an important resource used to make that good e. an increase in the number of producers
Paul and David work for the same company and have the same job title, education, work experience, and are equally skilled at what they do. Paul works the night shift and is paid $60,000 a year, while David works a regular day shift and is paid $55,000 a year. Which of the following is the best explanation for why Paul earns more than David?
a. Paul has more human capital than David. b. David has more human capital than Paul. c. Paul has received a compensating differential. d. Aside from pay, the night shift is more desirable than the day shift.