What did the Federalists believe about banking?

(A) They believed that state governments should own and run the nation's banks.
(B) They believed that the banking system already in existence was sufficient.
(C) They believed that a centralized banking system was necessary.
(D) They believed an international banking system would be best.

Ans: (C) They believed that a centralized banking system was necessary.

Economics

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The biggest wave of bank failures in the U.S. occurred:

A) during the Great Depression. B) before the Great Depression. C) during 2007 to 2009. D) in the early 1990s.

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Suppose MPL = 40 and MPK = 20 and the rental rate on capital is $10 . If the level of production is currently efficient, the wage rate must be

a. $10 b. $5 c. $20 d. $40

Economics