Federal Deposit Insurance Corporation (FDIC)
A government agency established in 1933 to insure customer deposits up to a limit if a bank fails.
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The evidence shows that both the U.S. steel and auto industries seem to have lost their vigor for growth and competitive edges in the global marketplace
Indicate whether the statement is true or false
For firms that sell one product in a perfectly competitive market, average revenue is:
A. calculated by total revenue divided by total output. B. equal to marginal revenue. C. equal to the market price. D. All of these are true.
If a firm must produce a significant share of market output before low average costs can be achieved, the structure of this industry will tend to be
a. monopolistic competition b. perfect competition c. oligopoly d. either monopolistic competition or oligopoly e. either perfect competition or monopolistic competition
Pick the most inclusive answer. A deposit in a NOW account is part of
a. M1 money b. M1 and M2 money c. M1, M2, and M3 money d. a near money e. none of the measures of money supply