1.)Commercial banks (i.e. Wells Fargo)are regulated by which federal agency listed below?

Multiple Choice

A) FDIC

B) The NCUA

C) TIAA-CREF

D) PBGC

2). Conclusion: If you deposited the entire $25,000,000 check into your local FDIC insured bank on Monday, April 12, 2021under your name only and if that bank became insolvent (its like a bankruptcy) the very next day on April 13th,then according to FDIC rules you would only be able to get $250,000 from the FDIC.The rest of your money would be lost.

True or False

3) Why is September 2008 - December 2008 such an important time period for U.S. Monetary Policy?

Multiple Choice

A) Foreclosures on homes were increasing at a rapid rate because people could not pay their sub-prime mortgages.

B) All of the above statements are true and correct.

C) Major banks like Citibank and Washington Mutual were ready to fail because they made too many sub-prime mortgage loans.

D) By this time the U.S. was losing 600,000 jobs per month and the U.S. unemployment rate was going up at a rapid pace.