Describe the reasons for the savings and loan crisis that occurred during the 1980s.
Answer to relevant QuestionsBriefly describe the purpose of the Financial Institutions Reform, Recovery, and Enforcement Describe what is meant by liquidity risk, credit risk, and interest rate risk. An economic contraction (recession) is now well under way and the Fed plans to use all facilities at its command to halt the decline. Describe the measures that it may take. Show how your answers in problem 6 would change if the fed lowered the cut-off between the 2 percent rate and the 8 percent rate from $40 million in transaction account balances down to $20 million. How are members of the Board of Governors of the Federal Reserve System appointed? To what extent are they subject to political pressures?
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