Why did President Roosevelt declare a bank holiday in March 1933?
People were panicking because they thought that their banks might fail and they would lose their deposits
that for many represented their hard-earned savings. Roosevelt closed the banks to create a brief period
of calm and to signal that the government would come to their rescue.
Economics
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Adjustable rate mortgages with extremely low initial interest rates which enable high risk buyers to purchase homes are known as: a. upside down mortgages
b. ARMs. c. sub-prime loans. d. mortgage backed securities.
Economics
If interest rates fall, the opportunity cost of spending money today rather than tomorrow
a. rises. b. falls. c. rises only if the prices of goods today rise. d. falls only if the prices of goods today fall.
Economics