Bank runs are a possibility because
A) the FDIC is inefficient.
B) bankers are often poor businesspeople.
C) in difficult times people want currency instead of demand deposits.
D) banks do not keep enough reserves to cover all their depository liabilities.
D)
Economics
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Which of the following would transfer wealth from old to young?
a. Increases in the budget deficit. b. Decreased building of highways and bridges. c. More generous education subsidies. d. Indexation of Social Security benefits to inflation.
Economics
The Friedman natural rate theory holds that there is an inverse relationship between inflation and unemployment in the long run, but not in the short run
Indicate whether the statement is true or false
Economics