The Federal Deposit Insurance Corporation helps to reduce the number of bank failures because
a. of its rule that individuals cannot make a run on a bank
b. it promises to reimburse up to $10,000 of lost deposits in an account
c. depositors will be secure in the fact that their deposits are protected
d. it pays attention to the changes in the economy
e. it is a soothing agent for individuals who have accounts over $100,000
C
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A Nash equilibrium occurs when ________
A) each player has a dominant strategy B) none of the players has a dominant strategy C) each player can increase his payoff by choosing a different strategy D) none of the players can increase their payoffs by choosing a different strategy
In the industrial period of U.S. history, the manufacturing goods consumed by U.S. households were subject to
(a) high taxes. (b) Engel's Law. (c) income effects. (d) none of the above.