Which of the following is true?
a. The FDIC sets the reserve requirements for commercial banks.
b. The Federal Reserve System guarantees the deposits in almost all banks up to a $250,000 limit per account.
c. Since the Federal Reserve System was established in 1913, bank failures due to panic withdrawals have been virtually eliminated.
d. If a bank should fail, the FDIC guarantees that depositors can get their funds up to a $250,000 limit per account.
D
You might also like to view...
Suppose $1 = 120 yen in New York, $1 = 2 euros in London, and one euro = 75 yen in Tokyo. A speculator with $1 million would get a profit of __ by engaging in a 3-point arbitrage.
a. $1.20 b. 150,000 yen c. $250,000 d. $1.25 million
Value and price can be compared by noting that
A) they are the same thing. B) value is always greater than price. C) value is what we must pay, while price is what we are willing to pay. D) price is what we must pay, and value is what we are willing to pay. E) value is what the seller receives when we buy a good, and price is what we must pay when we buy a good.