Which of the following best describes the history of bank failures in the U.S. from 1863 to the present?
a. Bank failures were eliminated after 1913.
b. Bank failures were common until 1940 but were almost nonexistent until the late 1980s and early 2000s.
c. Bank failures have always been rare events.
d. Bank failures were common until 1940 and were eliminated thereafter.
e. Bank failures have always been common.
B
You might also like to view...
A price ceiling is a price
A) below which a seller cannot legally sell. B) above which a seller cannot legally sell. C) that creates a surplus of the good. D) Both answers A and C are correct.
In a Cournot duopoly, we find that Firm 1's reaction function is Q1 = 50 - 0.5Q2, and Firm 2's reaction function is Q2 = 75 - 0.75Q1. What is the Cournot equilibrium outcome in this market?
A) Q1 = 20 and Q2 = 60 B) Q1 = 20 and Q2 = 20 C) Q1 = 60 and Q2 = 60 D) Q1 = 60 and Q2 = 20
If the marginal cost of producing vanity license plates is virtually zero (by prison inmates with little else to do), then states would maximize their profits on plate sales at the point on a linear demand curve where
a. demand is inelastic. b. demand is elastic. c. demand is unit elastic. d. the demand curve crosses the horizontal axis.
If the reserve ratio increased from 5 percent to 10 percent, then the money multiplier would a. rise from 5 to 10
b. rise from 10 to 20. c. fall from 20 to 10. d. fall from 10 to 5.