Lenders in the shadow banking system
A) are protected from loss by the FDIC.
B) lack insurance to protect them from loss if the borrower becomes insolvent.
C) are not subject to the bank runs or panics that can affect commercial banks.
D) are protected by the Federal Reserve and the U.S. Treasury Department should they suffer losses due to bad investment decisions.
B
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Which of the following statements regarding the trucking industry is correct?
A) The recession of 2007 -2009 caused many trucking firms to exit with many firms filing for bankruptcy. B) The trucking industry most closely resembles an oligopoly. C) Even though there is a high degree of competition, firms in the trucking industry are able to sustain positive economic profits as a result of a substantial degree of product differentiation. D) The trucking industry was largely unaffected by the recession of 2007-2009 mainly because the industry is comprised by large firms with significant market power.
Which of the following are problems with the federal budget process?
a. continuing resolutions instead of budget decisions b. lengthy budget process c. uncontrollable budget items d. all of the above are problems with the budget process