Fixing the financial system after the Great Recession meant:
a. Finding a way to make the banking and general financial systems solvent, and solving the nation's illiquidity problems.
b. Finding private (domestic and foreign) private buyers for U.S. subprime loans.
c.Changing banking rules so there was more financial competition.
d. Opening long-term financing sources, which would allow banks, companies, and the U.S. government to fund their long-term needs, such as new branches, plants, and infrastructure (e.g., bridges and dams) needs.
.A
You might also like to view...
A tax collected at each stage of the production process is called a(n) ________ tax
A) payroll B) excise C) value-added D) wealth
If a demand curve is unit elastic, then P times Q will remain constant when P changes.
Answer the following statement true (T) or false (F)
Monthly expenditures for a family of 4 in 2015 averaged $1,400. In 2016, the cost of the same purchases was $1,500. If 2015 is the base year, what was the CPI in 2016?
A) 110 B) 107 C) 100 D) 93
The cost to a member bank of borrowing from the Federal Reserve is called the:
a. reserve requirement. b. discount rate. c. yield on government bonds. d. price of securities in the open market.