What is a bank panic?
A) Bankers become very nervous and refuse to take deposits.
B) Everyone rushes to the bank to put his or her money in before closing time.
C) Banks go out of business because they fail to make enough loans.
D) Banks are unable to repay all depositors who want to withdraw their money.
Correct Answer:
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Q28: A major step in the evolution of
Q29: Today paper money
A) can only be issued
Q30: Early goldsmiths earned income by keeping deposits
Q31: From the point of view of depositors,
Q32: Goldsmiths became bankers when they created money.
Q34: The availability of credit makes an economy
Q35: What is the prime rate?
A) It is
Q36: Why does the interest rate typically fall
Q37: What is the relationship between the business
Q38: Assume that the Federal Reserve sets a
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