Which of the following types of financial institutions is required to belong to the Federal Reserve System?
A. national banks
B. state-chartered banks
C. savings and loan institutions
D. credit unions
Answer: A
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The FDIC must take steps to close down banks whose equity capital is less than ________ of assets
A) 4% B) 3% C) 2% D) 1%
According to Keynes's theory of liquidity preference, velocity increases when
A) income increases. B) wealth increases. C) brokerage commissions increase. D) interest rates increase.
By requiring minimum reporting, disclosure, vesting, funding, and investment standards, the __________ helps safeguard employee pension rights
A) Employee Retirement Income Security Act B) Federal Deposit Insurance Corporation C) Social Security Act D) Federal Reserve
In repeated games, all of the following allow a firm to escape an inefficient "prisoners dilemma" equilibrium except
a. Be nice, don't strike first b. Respond immediately to non-cooperation c. Punish competitors as much as you can d. Make sure your competitors can easily interpret your actions