Of the more than 9,000 banks in the country,
a. all are chartered nationally
b. all are members of the Federal Reserve System
c. all the state-chartered members are members of the Federal Reserve System
d. none of them are chartered nationally
e. fewer than 5,000 are chartered nationally; the rest remain state-chartered
E
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Explain why firms' short-run marginal cost curves often initially decreases and then increases
What will be an ideal response?
Suppose the government decides to decrease the amount of investment spending that firms are allowed to depreciate for tax purposes from 50% to 25%, effective next year
What effect should this change have on the desired capital stock and the level of investment spending next year? Use a graph to explain your answer.
Unless you accept his 'final offer' your opponent threatens to scrap the whole deal:
a. His threat is more believable if both parties would be harmed by scrapping the deal b. His threat is more believable if he has better outside options c. His threat is more believable if only he is hurt from the deal falling through d. His threat is more believable if he has balked at this course of action in the past
What happened after the failure of the Bank of the United States in late 1930?
a. The stock market experienced a major crash. b. The FDIC stepped into cover deposits. c. People converted currency into deposits. d. Many banks stopped lending excess reserves.