Economics USA: 21st Century Edition
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To help viewers understand the key role of banks in the U.S. economy and how government agencies act to try to prevent individual bank failures from becoming banking crises.
President of Henry Kaufman & Company Inc., which specializes in financial and economic counseling as well as investment management.
See full bioPulitzer Prize–winning journalist and business and economics columnist for the Washington Post, cited for “his insightful columns that explore the nation’s complex economic ills with masterful clarity.”
See full bioCo-founder and Managing Partner of Federal Financial Analytics, Inc., a privately held company that provides analytical and advisory services on legislative, regulatory, and public-policy issues affecting financial services companies doing business in the U.S. and abroad.
See full bioArthur F. Burns Fellow in Financial Policy Studies at the American Enterprise Institute (AEI) and Co-Director of AEI’s program on financial policy studies, specializing in banking, insurance, and securities regulation.
See full bioUse this web-based calculator to aid in your studies.
All of the following would be considered money, narrowly defined, EXCEPT:
savings accounts.
NEXT QUESTIONThe TWO PRIMARY functions of commercial banks are to:
hold demand deposits and make loans.
NEXT QUESTIONThe liabilities of a commercial bank include:
demand deposits.
NEXT QUESTIONThe assets of a commercial bank include:
loans.
NEXT QUESTIONPublic confidence in the commercial banking system has been strengthened by the fact that:
nearly all deposits are insured up to $250,000.
NEXT QUESTIONMost economists today agree that a situation like the panic of 1907 is unlikely to recur. This is MAINLY because:
for good reason, people have far more faith in banks than they used to.
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