Which of the following is not a thrift?
A) a savings-and-loan
B) a commercial bank
C) a credit union
D) a mutual savings bank
B
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If the reserve ratio is 20 percent and a bank receives a new checkable deposit of $100, this bank
a. must increase required reserves by $20. b. will initially see its total reserves increase by $200. c. will be able to make new loans up to a maximum of $20. d. will be allowed to make new loans of up to $100. e. all of the above are true.
Rational expectations are based on the past alone, while adaptive expectations are based on the past, the present, and the future
Indicate whether the statement is true or false
Keynes believed
A. once a recession began, it would always turn into a depression. B. full employment GDP was a rare occurrence. C. the expected profit rate and the interest rate were equally important in determining the level of investment in an economy. D. inflation was a persistent tendency of the economies of his day.
If the MPC is 0.7, the tax multiplier is
A. -1.22. B. -2.22. C. -2.33. D. -3.33.