A major loophole was punched through the McFadden Act as banks
A) formed bank holding companies.
B) developed negotiable certificates of deposit.
C) began paying interest on checkable deposits.
D) converted themselves into savings-and-loans.
A
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A share of stock represents a claim on the
a. output of the firm b. firm's assets and earnings c. assets of the board of directors d. managers' incomes e. firm's future losses
In the twentieth century, fluctuations in real GDP were
a. less severe during the last 50 years than was true during the first half of the century. b. virtually eliminated as the result of the countercyclical application of fiscal policy. c. more severe during the last 50 years than was true during the first half of the century. d. primarily the result of a fiscal policy that has persistently balanced the federal budget.