Which of the following is a possible impetus for a banking panic?
a. An individual bank fails.
b. A large, very important bank fails.
c. Congress increases the amount of demand deposits that are protected by insurance.
d. Banking rules change to make it harder for banks to make bad loans.
e. Changes in the discount rate.
B
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By the 2000s, an important change in the mortgage market had occurred when ________ became significant participants in the secondary market for mortgages
A) Federal Reserve Banks B) commercial banks C) savings banks D) investment banks
Payroll tax puts a wedge between the wages firms pay and the wages workers earn due to ______.
a. which party the tax is levied against b. the inelasticity of supply relative to demand c. whether the supply or demand curve is shifted d. the fact that firms essentially pay the tax twice