The largest merger in banking and finance history was between
A. Crossland Savings and Metropolitan Savings.
B. Chase Bank and Chemical Bank.
C. Chase Manhattan and J.P. Morgan.
D. Travelers and Citicorp.
D. Travelers and Citicorp.
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The limited memberships and high dollar minimums for hedge funds means that these funds are
A) subject to weaker regulation than other mutual funds. B) more stringently regulated for fear of collapse. C) limited in the types of assets they can purchase. D) under the control of the U.S. Treasury.
Which of the following is the best way for a student of economics to make sensible judgments about real-world markets and real-world governments?
a. In the real world, government action is always the best way to control markets. b. We must see the strengths and weaknesses of both markets and government. c. Markets’ lack of flexibility must produce unwanted results, such as monopolies and worker oppression. d. Government action is imperfect and does not reflect majority views, so it has no useful role to play in regulating markets.
The open-economy multiplier ________ the closed-economy multiplier.
A. is smaller than B. equals C. is larger than D. It can be smaller or larger than the closed-economy multiplier, depending on the size of MPM and MPC.
If demand is inelastic, an increase in the price will
A) decrease total revenue. B) increase total revenue. C) not change total revenue. D) increase the quantity demanded.