The occurrence of bank failures in the United States
A. ended after 1933 and the creation of the FDIC.
B. increased dramatically during the Clinton administration.
C. reappeared in intensity in the late 1990s and early 2000s.
D. reappeared in the 1980s and early 1990s and again in 2006.
Answer: D
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In the figure above, the curve is known as the
A) production possibilities frontier. B) substitution options frontier. C) production function. D) opportunity cost curve.
The velocity of money is
A) the average number of times that a dollar is spent in buying the total amount of final goods and services. B) the ratio of the money stock to high-powered money. C) the ratio of the money stock to interest rates. D) the average number of times a dollar is spent in buying financial assets.
Choice architecture can:
A. alter actual decisions and thus the ultimate outcomes. B. make it easier for people to make choices that will make them happier in the long run. C. help people make better choices without eliminating free choice. D. All of these statements are true.
If I will receive a payment of $121 two years from now and the annual interest rate is 10 percent, the present value of the payment is:
A. $110. B. $146.41. C. $90. D. $100.