Negotiable certificates of deposit were developed in order to
A) compete for loan business that had been going to the commercial paper market.
B) circumvent interest rate regulations on deposits.
C) increase assets that were acceptable as collateral for discount loans.
D) circumvent reserve requirements.
B
Economics
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The Congressional Budget Office estimated that the NAIRU was equal to about __________ in 2015.
A. 6.0% B. 4.0% C. 9.6% D. 5.0%
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