What is the purpose of the Federal Deposit Insurance Corporation (FDIC)?
(A) To make sure that banks charge a fair amount of interest on loans.
(B) To make sure that banks do not fail.
(C) To make sure that customers do not lose money if a bank fails.
(D) To make sure that the government has enough gold to cover its expenses.
Ans: (C) To make sure that customers do not lose money if a bank fails.
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The original maturity on U.S. Treasury bills is between
A) three months and six months. B) one and ten years. C) six months and three years. D) ten and thirty years.
The first phase of antitrust policy in the U.S. began with the passage of the Sherman Antitrust Act in 1890 . To judge a firm's action, the courts in this period used:
a. a per se rule. b. a rule of reason. c. a rule of thumb. d. rules of order. e. strict enforcement rule.