The Suffolk System a. operated similarly to the modern Federal ...

[iveyjurea]

The Suffolk System
 a. operated similarly to the modern Federal Deposit Insurance Corporation.
  b. led to lower discount rates on the notes of country banks in New England.
  c. was established by Nicholas Biddle.
  d. was used primarily prior to 1863 in Louisiana.
  e. All of the above.

Question 2

According to the Fisher effect, if a lender and a borrower would agree on an interest rate of 8 percent when no inflation is expected, they should set a rate of _______ when an inflation rate of 3 percent is expected.
 a. 2 percent
  b. 5 percent
  c. 8 percent
  d. 11 percent

[Jayson]

Answer to Question 1

b. led to lower discount rates on the notes of country banks in New England.

Answer to Question 2

d. 11 percent

[iveyjurea]

Great answer, keep it coming

[Sarahjh]

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