Category: Uncategorized

Scarcity means:

Members of the Federal Reserve Board of Governors are appointed to 14-year terms to provide a level of isolation from political influence.

The use of money and credit controls to change macroeconomic activity is known as:

Banks create money via deposit creation when

True or False.  To deal with bank runs, congress put in place borrowers insurance and the lender of least resort.

Item Billions of Dollars Checkable Deposits $597 Small Time Deposits 888 Currency 775 Money-Market Mutual Funds Held By Businesses 1,045 Savings Deposits 2,969 Money-Market Mutual Funds Held By Individuals 1211 Refer to the accompanying table. The size of the M1 money supply is (Enter you numeric value with no commas and no dollar signs)

True or False.  Banks can go bankrupt when if the number of unexpected loan defaults is less then expected

The use of money and credit controls to change macroeconomic activity is known as:

True or False.  Bank runs involve borrowers running to the bank to pay their loans.

True or False.  To deal with bank runs, congress put in place borrowers insurance and the lender of least resort.