Which of the following guarantees the deposits in almost all banks up to a limit of 250,000?
a. the Federal Reserve
b. the FDIC
c. the U.S. Treasury
d. Bank of America Corporation
Question 2
Monetarists believe that:
a. the government should follow a fixed rule to change money supply in response tobusiness cycles.
b. the government should not use discretionary monetary policy to achieve its goals ofeconomic growth and low inflation.
c. government intervention should be well thought out and should be used only during recessions.
d. government intervention in the economy makes business cycles disappear.
e. government intervention policies have only long-run effects.