Which of the following is true?
a. The FDIC sets the reserve requirements for commercial banks
b. The Federal Reserve System guarantees the deposits in almost all banks up to a limit of $1,000,000 per account.
c. If a bank should fail, the FDIC guarantees that depositors can get their funds up to a limit of $250,000 per account.
d. all of the above
c
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Which of the following best describes chattel slavery?
(a) It provided protected property rights to the slaves. (b) It offered property rights to the slave owners. (c) It involved the establishment of a voluntary contract between slave and slave owner. (d) It created wealth for the slave and slave owner.
There must always be a balance of a nation's:
A. goods exports and gold imports. B. total international payments. C. imports and exports of goods and services. D. net transfers and net investment income.