Which one of the following is presently a major deterrent to bank panics in the United States?
A. The legal reserve requirement.
B. The fractional reserve system.
C. The gold standard.
D. Deposit insurance.
D. Deposit insurance.
Economics
You might also like to view...
The aggregate demand curve shifts when any of the following factors change EXCEPT
A) monetary policy. B) fiscal policy. C) the price level. D) expectations about the future. E) foreign income.
Economics
If two countries voluntarily trade two goods with one another, the rate of exchange between the goods must fall in between the price ratios that would prevail in the two countries in the absence of trade.
Answer the following statement true (T) or false (F)
Economics