The FDIC was created because
A) the Fed kept the required reserve ratio too low.
B) banks failed to create money the way the Fed wanted them to.
C) people worried about bank failures after World War I, even though very few banks actually failed.
D) there were so many bank failures in the 1930s.
D
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Refer to Figure 13.1. Assume the voting method used to select a location for the recreation center is the instant runoff method. With this method, each voter ranks the towns in order of preference, from first to fourth
The town with the fewest first-place votes will be eliminated, and anyone who voted for that town will have their first-place vote transferred to the town they liked next best. This process continues until only one town is left, and that town will be declared the winner. With this method, the first town to be eliminated is A) Desert Sands. B) Glacier Cove. C) Mountain View. D) Oceanside.
In economics
A) both resources and wants are limited. B) both resources and wants are unlimited. C) resources are limited but wants are unlimited. D) resources are unlimited but wants are limited.