The Federal Deposit Insurance Corporation (FDIC)
a. insures all demand deposit accounts up to $10 million in banks choosing FDIC protection
b. was created as a government-owned corporation following the creation of the World Bank and the International Monetary Fund after World War II
c. provides insurance to all participating corporations and government agencies such as the Federal Reserve
d. creates monetary policy in conjunction with the Federal Reserve Board
e. was created to reduce the risk of bank failure and thereby insuring the stability of the banking system
E
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Without someone actually coming into the bank to demand a loan, there is no process of money creation
Indicate whether the statement is true or false
If there are four firms in an industry and each has a 25 percent market share, then the Herfindahl-Hirschman Index equals
A. 2,500. B. 2,800. C. 5,000. D. 6,600.
The Upstart Company has the following production function.
If the company hires 4 workers, which of the following could be the real wage rate?
A. 6 B. 4 C. 8 D. 2
In the foreign exchange market, as the U.S. exchange rate rises, other things remaining the same, the
A) quantity of dollars demanded decreases. B) demand curve for dollars shifts rightward. C) demand curve for dollars shifts leftward. D) supply curve of dollars shifts rightward. E) quantity of dollars demanded increases.