ECON 343 EXAM 3 REVIEW QUESTIONS COMPLETE WITH 100% VERIFIED ANSWERS

ECON 343 EXAM 3 REVIEW QUESTIONS
COMPLETE WITH 100% VERIFIED
ANSWERS




\.Which financial crisis was caused by a speculative bubble in high-technology
stocks?


A. Long-Term Capital Management collapse 1998


B. Asian financial crisis 1987


C. Accounting scandals (i.e. Enron collapse) 2001


D. Dot-com 1997-2000



E. Russia financial crisis 1998 - ANSWERS✔-D


\.Which banking act deregulated over-the-counter derivatives and energy futures
trading?


a. Glass-Seagall (1933)

,b. DIDMCA (1980)


c. FDICIA (1991)


d. FIRREA (1989)



e. Banking Act of 2000 (Commodity Futures Modernization Act) - ANSWERS✔-e


\.Which banking act allowed for full inter-state banking?


a. Glass-Seagall (1933)


b. Banking Act of 2000 (Commodity Futures Modernization Act)


c. FDICIA (1991)


d. FIRREA (1989)



e. Banking Act of 1994 - ANSWERS✔-e


\.Which banking act provided the money and muscle to end the savings and loan
crisis?

,a. FDICIA (1991)


b. DIDMCA (1980)


c. Glass-Seagall (1933)


d. FIRREA (1989)



e. Banking Act of 1994 - ANSWERS✔-d


\.Which Banking ERA is Ron Paul's idealized world view?


a. First and Second Bank of the U.S. 1791-1836


b. Era of Regulation (1933-1980)


c. National Banking Era (1863-1913)


d. Era of the FED (1913-1933)



e. Free Banking Era (1836-1863) - ANSWERS✔-e

, \.Which Banking ERA established a system of well regulated nationally chartered
banks?


a. Free Banking Era (1836-1863)


b. First and Second Bank of the U.S. 1791-1836


c. Era of Regulation (1933-1980)


d. Era of the FED (1913-1933)



e. National Banking Era (1863-1913) - ANSWERS✔-e


\.Which Banking ERA was intended to provide the federal government with a fiscal
agent to conduct its official business?


a. Era of the FED (1913-1933)


b. Free Banking Era (1836-1863)


c. First and Second Bank of the U.S. 1791-1836


d. National Banking Era (1863-1913)