Savings and loan associations created which type of money?

a. demand deposit accounts
b. money market mutual fund accounts
c. NOW account deposits
d. money market mutual deposit accounts
e. share-draft accounts

C

Economics

You might also like to view...

A) Sam pays $600 for 30 days of guitar classes. He attends an hour-long class every day. If, instead of attending class, he works at a part-time job, he would be paid $5 an hour. Or, he could work at a fast-food outlet and earn $9 per hour

Once he has already paid a nonrefundable fee of $600 to enroll in the class, what is his opportunity cost of attending each hour of class? b) Suppose workers decide to work more and consume less leisure when their hourly wage rate increases. What could explain this behavior?

Economics

In addition to insuring accounts, the FDIC today has the additional power of

A) establishing the discount rate. B) establishing FOMC goals. C) establishing higher capital requirements for banks. D) setting reserve requirements.

Economics