A currency drain occurs because people want to hold some of their money as currency rather than as deposits
Indicate whether the statement is true or false
TRUE
Economics
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What was the purpose of the stress test administered by the Treasury in 2009?
A) Evaluate potential losses of Fannie Mae and Freddie Mac. B) Assess the viability of AIG. C) Gauge how well the largest financial firms would fare if the recession deepened. D) Evaluate the solvency of the major investment banks.
Economics
Which of the following constituted the majority of federal government revenues in 1860?
a. Property tax. b. Tariffs. c. Income tax. d. Fees and Licenses.
Economics