Answer:
To insure bank deposits.
Explanation:
After the great depression the FDIC was created to insurance bank deposits and to give stability and security to the financial system
In this situation when the seller has filed for bankruptcy then Broker Joe has to terminate the contract. Therefore, Option B is the correct statement.
<h3>What do you mean by contract?</h3>
A legally enforceable agreement that creates, defines, and regulates mutual rights and obligations between its parties is called a contract.
An agreement usually involves the exchange of goods, services, money, or the promise to change any of these at a later date.
Therefore, Option B is the correct statement.
Learn more about contract here:
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Answer:
Steak is a normal good, and hamburger is an inferior good for Jennie
Explanation:
Based on this behavior, we can assume steak is a normal good, and hamburger is an inferior good for Jennie. That is because a normal good is any good who's demand increases when there is a rise in the consumers' income, while an inferior good sees decreased demand due to a rise in income. Therefore, since Jenna buys more (increased demand) steak and less (decreased demand) hamburger due to her increased income this means that steak is a normal good, and hamburger is an inferior good for Jennie
It would be called scarcity.