The task of economic regulation is to:
a. protect monopoly profits.
b. approximate the results of the competitive market.
c. replace competition with government ownership.
d. ensure laissez faire.
e. increase competition within the market.
Question 2
A money market mutual fund account is a(n):
a. checking account that earns interest.
b. savings account against which one can write checks.
c. group of stocks sold under one name.
d. claim on a collection of interest-earning assets that is not guaranteed by the FDIC.
e. account with which the Fed buys and sells U.S. government securities.