Considering the methods available to the FDIC for dealing with a failed bank, the depositors of the failed bank should:
A. prefer the purchase and assumption method since the deposits over $250,000 will also be protected.
B. prefer the payoff method since a lot less paperwork is involved for the depositor.
C. prefer the payoff method because they will have access to their funds earlier.
D. be indifferent between the two since it really does not matter to them which method is used.
Answer: D
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If the United States negotiates a voluntary export restraint with international sugar producing nations, then
A) U.S. sugar buyers pay a lower price for sugar. B) U.S. sugar producers produce a smaller quantity. C) imports of sugar increase. D) the U.S. government collects less revenue than if it imposed a tariff on sugar. E) the foreign governments collect more revenue than if a tariff is imposed on sugar.
The demand curve in the figure above illustrates the demand for a product with
A) zero price elasticity of demand at all prices. B) infinite price elasticity of demand. C) unit price elasticity of demand at all prices. D) a price elasticity of demand that is different at all prices.