The gold standard had two main drawbacks: (1) ______________ and (2) ______________.
Fill in the blank(s) with the appropriate word(s).
It will work only if participating nations are willing to accept periodic inflation and unemployment; It will work only when the gold supply increases as quickly as the world's need for money
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Who suffers primarily when the federal government has to bail out a financial intermediary through the deposit insurance system?
A) the bank officers B) the taxpayers C) the bank shareholders D) the U.S. Treasury
If the Fed increases the required reserve ratio, how will this affect excess reserves and the money supply?
a. Both will increase. b. Excess reserves increase and the money supply decreases. c. Both will decrease. d. Excess reserves decrease and the money supply increases.
Who controls a sole proprietorship?
A) stockholders B) bondholders C) the owner D) all of these
A ________ is considered an asset of that bank.
A. bank liability B. bank deposit C. demand deposit D. bank loan