What are six major provisions of the Wall Street Reform and Consumer Protection Act?
What will be an ideal response?
First, the act gave greater powers to the Federal Reserve to regulate large financial institutions. Second, it created a Financial Stability Oversight Council to monitor risks to the financial system. Third, it set up a process for liquidating large financial institutions that are failing. Fourth, it established Federal supervisory oversight of the mortgage-backed securities market and required that they be traded on public exchanges. Fifth, it required sellers of asset-backed securities to hold a portion of the securities so they assumed some risk. Sixth, it established the Bureau of Consumer Protection.
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Both the permanent-income and life-cycle hypotheses are based on the crucial assumption of ________ expectations
A) rational B) adaptive C) backward-looking D) forward-looking
Which of the following defines logrolling?
b. Individual legislators write legislation that only benefits their congressional districts. c. A legislature passes laws without allowing public hearings or congressional debate. d. Lobbyists offer high-paying jobs to influential legislators in exchange for favorable legislation.
What is hyperinflation?
What will be an ideal response?
Suppose that, at a rental rate of $1500 per month, 700 residents wish to rent apartments and that landlords offer 800 apartments available for rent. Which one of the following statements is then TRUE?
A. There is an excess demand for apartments. B. The market clearing rental price of apartments is too low. C. The market clearing rental price of apartments is less than $1500 per month. D. There is a shortage of 100 apartments.