ERISA was passed to make sure which of the following was adequately funded?
A. Defined contribution programs
B. Social Security
C. Defined benefit pension programs
D. Ponzi schemes
Answer: C
Economics
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If a bank has excess reserves of $4,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 15 percent, then the bank has actual reserves of
A) $17,000. B) $19,000. C) $24,000. D) $29,000.
Economics
Models are simplifications that are used to observe the workings of a system
a. True b. False Indicate whether the statement is true or false
Economics