If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is

Savings-and-loans were originally federally insured through the

A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency.

Financial intermediaries emerged

A) to make loans to governments. B) to provide a market for municipal bonds. C) to reduce transactions costs for small savers and borrowers. D) to reduce transactions costs for traders in stocks and bonds.