The Resolution Trust Corporation was created by the FIRREA in order to
A) manage and resolve insolvent S&Ls.
B) build up trust in government regulation.
C) regulate the S&L industry.
D) purchase large amounts of government debt.
A
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If in Chicago the interest rate is 5 percent a year and in Vancouver it is 4 percent a year, ________
A) the quantity of Canadian dollars purchased will increase B) the Canadian dollar is expected to depreciate C) interest rate parity does not exist D) the U.S. dollar is expected to depreciate
Which of the following best explains the multiplier effect as a result of a $100 million increase in govt spending on highways?
A. More money must be printed to fund govt spending. Money supply increases, interest rates decrease, consumption increases, investment spending increases. B. Change in spending will cause an increase in real GDP. Govt tax revenue increases so govt spending increases. C. Govt spending creates a demand for domestically produced goods. Income increases, consumption increases, demand increases D. Change in govt spending causes an increase in supply of jobs and stimulates production of domestically produced goods/services.