In addition to insuring accounts, the FDIC today has the additional power of
A) establishing the discount rate.
B) establishing FOMC goals.
C) establishing higher capital requirements for banks.
D) setting reserve requirements.
C
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Refer to the scenario above. Which of the following is the optimum choice?
A) Apartment Very Close B) Apartment Close C) Apartment Far D) Apartment Very Far
Economists refer a to a market where buying and selling take place at prices that violate government price regulations as
A) a noncompetitive market. B) an outlaw market. C) a black market. D) a restricted market.
For W to be an effective control variable in IV estimation, the following condition must hold
A) E(ui) = 0 B) E(ui|Zi,Wi) = E(ui|Wi) C) E(uiuj) ? 0 D) there must be an intercept in the regression
Real GDP per person in Northland is $30,000, while real GDP in Southland is $10,000, However, Northland's real GDP per person is growing at 1 percent per year, and Southland's real GDP per person is growing at 3 percent per year. If these growth rates persist indefinitely, then:
A. Northland's real GDP per person will always be between 1 and 2 percent greater than Southland's. B. Northland's real GDP per person will decline until it equals Southland's. C. Southland's real GDP per person will eventually be greater than Northland's. D. Southland's real GDP per person will always be exactly 2 percent less than Northland's.