________ within the U.S. can make loans to foreigners but cannot make loans to domestic residents
A) Edge Act corporations
B) International Banking Facilities
C) Universal banks
D) Euro banks
B
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In 2008, the Treasury and Federal Reserve took action to save large financial firms such as Bear Stearns and AIG from failing. Which of the following is one reason why these measures were taken?
A) The bankruptcy of a large financial firm would force the firm to sell its holdings of securities, which could cause other firms that hold these securities to also fail. B) The Emergency Economic Stabilization Act required the Fed and the Treasury to provide financial assistance to firms that participated in regular open market actions with the Fed. C) The failure of these firms would have forced the Fed to increase interest rates, which could have led to a severe recession. D) The Fed and the Treasury wanted to allow Freddie Mac and Fannie Mae more time to buy the firms before they went bankrupt.
The Stock Market Crash of 1929 probably contributed ____ to the Great Depression because _____
a. little, it did no more than wipe out the speculative gains made earlier. b. little, the Fed responded by increasing the money supply. c. a good deal, corporations could no longer raise investment funds. d. a good deal, consumer confidence and spending on durables were reduced.
Comparative advantage is illustrated by the slopes of production possibilities frontiers
a. True b. False Indicate whether the statement is true or false
The first antitrust legislation was passed in the United States during the late 1970s in response to the massive OPEC oil-price shocks and the Penn-Central Railroad cartel. Prior to this time, government authorities were forced to use nuisance laws to restrict anti-competitive business activity
Indicate whether the statement is true or false