A banking panic occurs when
a. many banks fail simultaneously
b. banks do not earn enough profit
c. a bank exhausts all of its vault cash
d. individuals cannot withdraw money from a bank
e. bank officials fear they have made too many bad loans
A
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A U.S. company that wishes to sell more to other countries would favor
A) an appreciation of the dollar. B) a depreciation of the dollar. C) neither an appreciation nor a depreciation of the dollar. D) higher interest rates.
Under the IMF fixed exchange rate system, a nation running a balance of payments surplus would have an excess __________ its currency in the foreign exchange market and that nation's central bank would have to __________ some of its currency
A) supply of; buy B) supply of; sell C) demand for; buy D) demand for; sell