Which of the following actions did Congress take in the 1930s, in an effort to prevent future financial crises like the stock market crash of 1929?
A. Formation of the FDIC
B. Bubble Act
C. Formation of the Federal Reserve Bank
D. American Anti-Corruption Act
A. Formation of the FDIC
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Marginal revenue for a price taker is
A) equal to price. B) less than price. C) more than price. D) unrelated to price.
Suppose Brandon's benefit function for water is S(W) = W2. Brandon is:
A. risk averse. B. risk neutral. C. risk loving. D. There is not enough information to answer this question.
Refer to Exhibit 6-2. The unemployment rate in year 2 is
a. 75 percent. b. 33 1/3 percent. c. 50 percent. d. 66 2/3 percent. e. 25 percent.
Which of the following would most likely cause a rightward shift in a demand curve?
a. a discovery about a product being made in sweat shops b. a recall of an automobile c. a celebrity promoting a sports drink d. an outbreak of E. coli in chicken