Probably the most significant factor explaining the drastic drop in the number of bank failures since the Great Depression has been
A) the creation of the FDIC.
B) rapid economic growth since 1941.
C) the employment of new procedures by the Federal Reserve.
D) better bank management.
A
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The primary responsibility of conducting monetary policy rests with the:
A) Board of Governors. B) Federal Open Market Committee. C) Federal Deposit Insurance Corporation. D) U.S. Treasury.
Suppose two variables are directly related. If one variable rises, then the other variable:
A. also rises. B. falls. C. remains unchanged. D. reacts unpredictably.
The combination of food and clothing shown by point G on the above graph:
A. results only because society allocates its resources inefficiently. B. can be attained only if some of society's resources are unemployed. C. suggests that the law of increasing relative costs is not operating in this case. D. is not attainable, given society's available resources and technology.
The most important function of the Fed is to
A. provide a system for collecting and clearing checks. B. support the federal government's deficit spending by buying government securities. C. regulate the money supply. D. collect taxes.