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D. 50 26.A large denomination time deposit is A money in a passbook savings acco

ID: 1128628 • Letter: D

Question

D. 50 26.A large denomination time deposit is A money in a passbook savings account B. an S &L; share. C. any money left on deposit in a bank for over one year D. any deposit of at least $100,000 left on deposit at a bank for a specified period of time. 2 7The Depository Institutions Deregulation and Monetary Control Act of 1 980 accomplished which one of the following reforms? A Established a uniform set of reserve requirements for all depository institutions B. Established maximum and minimum interest rates which depository institutions were permiltte to pay on checkable deposits. C. Shifted to the United States Treasury the responsibility for setting the discount rate. D. Provided presidential veto power over setting reserve requirements. 28.The Federal Reserve System was NOT A. established with the 1913 passage of the Federal Reserve Act B. the first attempt to have a United States central bank C. intended to act as a "lender of last resort." D. designed to lend money to inherenty sound banks so that they can survive financial panics. 29. The hypothesis is based on the assumption that the best indicator of the future is what ha happened in the past A. adaptive expectations B. rational expectations C. Monetary D. supply-side 30. Systematic error is most clearly associated with A. rational expectations. B. adaptive expectations. C, supply-side expectations D Monet expectations

Explanation / Answer

26) D is correct

Any deposits greater than 100000 deposited for a fixed period of time is considered as large denomination time deposits.

27) C is correct

The responsibility of setting discount rate, the rate at which banks borrow loans, was given to united states treasury.

28) b is correct

The first central back of united states was established in 1791 receiving it's charter from US Congress. Federal reserve system was not the first central bank.

29) A is correct

Adaptive expectation hypothesis states people's expectations depends on what happened in past.