Author Question: The FOMC is the agency that insures deposits up to 250,000. Indicate whether the statement is ... (Read 31 times)

HCHenry · **on:** Jun 29, 2018

The FOMC is the agency that insures deposits up to 250,000.

Indicate whether the statement is true or false

Question 2

Ashton has the utility of wealth curve shown in the above figure. He owns a sports car worth 30,000, and that is his only wealth. Ashton is a careless driver and there is a 30 percent chance that he will have an accident within a year.

If he does have an accident, his car is worthless. What is Ashton's expected utility? A) 100
B) 30
C) 70
D) zero