Our "dual" banking system refers to
A) commercial banks and thrifts.
B) federal and state chartering and supervision of commercial banks.
C) stockholder-ownership and depositor-ownership of depository institutions.
D) banks that are members and non-members of the Fed.
B
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A decision by Congress to reduce spending in order to balance the government's budget is an example of ________ policy.
A. structural B. aggregation C. fiscal D. monetary
Refer to Figure 4-5. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the quantity of apartments demanded at the new price?
A) 0 B) Q0 C) Q1 D) Q*
The value of the SDR is currently based on the ________.
A) euro B) U.S. dollar C) weighted average of four currencies D) weighted average of six currencies
The Temporary Aid to Needy Families (TANF) program:
A. requires that recipients participate in work activities. B. is associated with a decrease in single mothers working. C. has caused a rise in national welfare caseloads. D. was an important factor in the increase in poverty among children between 1993 and 2002.