171.One of the elements addressed in the Dodd-Frank bill was authority over nonbank financial institutions that face bankruptcy. A)True B)False 172.The Dodd-Frank bill established the Consumer Financial Protection Bureau to help consumers understand the financial impact of Social Security. A)True B)False
171.One of the elements addressed in the Dodd-Frank bill was authority over nonbank financial institutions that face bankruptcy.
A)True
B)False
172.The Dodd-Frank bill established the Consumer Financial Protection Bureau to help consumers understand the financial impact of Social Security.
A)True
B)False
173.Explain the trade-off between rate of return and liquidity. How do banks affect the trade-off?
174.What is maturity transformation? Explain the difference between maturity transformation by depository banks and by shadow banks.
175.Explain how shadow banks, which don't take deposits, can have bank runs.
176.Explain the two main causes of banking crises.
177.What caused the banking crises in the 1990s in Finland, Sweden, and Japan?
178.Describe the financial contagion that occurred during the Irish banking crisis in 2008.
179.Why are banking-crisis recessions so bad?
180.Explain the difference between fiscal stimulus and fiscal austerity in dealing with the recessions that occurred in many countries after the 2008 financial crisis.
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