During the Federal Bank Holiday ordered by President Roosevelt
a. new supplies of gold were distributed to the banks.
b. a national monetary commission was set up.
c. the banks were inspected.
d. the leadership of the Federal Reserve System was replaced.
c. the banks were inspected.
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Which of the following has also been called the command and control approach?
A. Direct controls B. Voluntary compliance C. Tradable emissions permits D. Taxes on pollution
An increase in the currency drain ratio ________
A) decreases the size of the money multiplier B) increases the size of the money multiplier C) increases the deposits in all banks D) decreases the size of the monetary base E) increases the size of the monetary base
Because of the adverse selection problem
A) good credit risks are more likely to seek loans causing lenders to make a disproportionate amount of loans to good credit risks. B) lenders may refuse loans to individuals with high net worth, because of their greater proclivity to "skip town." C) lenders are reluctant to make loans that are not secured by collateral. D) lenders will write debt contracts that restrict certain activities of borrowers.
Use the information provided in Table 7.2 below to answer the question(s) that follow.
Table 7.2Inputs Required to Produce a Product Using Alternative Technologies
Refer to Table 7.2. If the hourly price of capital is $10 and the hourly price of labor is $20, which production technology should be selected?
A. A B. B C. C D. D