1-

Fraudulent practices and other abuses of private pension funds led Congress to enact the_______________

- Group of answer choices:

- Federal Reserve Act

- Employee Retirement Income Security Act

- Dodd Frank Financial Reform Act

- Glass-Steagall Act

Thinking about the market for bank reserves. If the Federal Open Market Committee announces that it wants to tighten monetary policy, which of the following occurs?

- Group of answer choices:

- The Federal Reserve of New York sells securities and the supply curve shifts to theleft

- The Federal Reserve of DC buys securities and the demand curve shifts to the right.

- The Federal Reserve of New York buys securities and the supply curve shifts to the left

- The Federal Reserve of DC sells securities and the supply curve shifts to the right

3-

If an insurance company has a combined ratio of 102%, is it profitable on an operating basis?

Group of answer choices:

- Yes

- No

- It depends

- state regulated