The thrift institutions:
a. were nonprofit banking institutions.
b. were owned by the Federal Reserve.
c. historically offered only savings accounts, not checking accounts.
d. controlled the U.S. monetary policy prior to the establishment of the Federal Reserve.
e. were monitored by the Federal Deposit Insurance Corporation.
c
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If the interest rate is 5 percent, what is the current value of $110 to be received one year from now?
a. $104 b. $73 c. $220 d. $116
If GDP is $9,000 billion and the money supply is $1,800 billion, velocity is approximately
A) 0.20. B) 6.00. C) 4.15. D) 5.00. E) There is not enough information provided to answer this question.
Why are most flat tax proposals actually calling for a progressive tax?
a. Lower levels of income are exempted. b. All income is taxed equally. c. Higher levels of income are exempted. d. The filing process is simple and quick.
The primary problem with estimating elasticity of demand is that:
A. real-world changes in quantity demanded are the result of changes in price only. B. data on the quantities firms sell are unavailable. C. real-world changes in quantity demanded are the result of changes in many variables other than price alone. D. data on the prices firms charge are unavailable.