Identify each statement as either true or false.

a. in the united states, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals.
b. banks typically loan out a portion of customer deposits.
c. bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals.
d. the federal deposit insurance corporation (fdic) protects bank depositors from bank failure.
e. the fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs. answer bank

answer; experimentation;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.