Banks are required to disclose certain information. This disclosure is done for all of the following reasons except:
A. to allow financial market participants to penalize banks that carry additional risk.
B. create uniform prices for standard bank services.
C. to enable regulators to more easily assess the financial condition of banks.
D. to allow customers to more easily compare prices for services offered by banks.
Answer: B
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The process by which economists test hypotheses against facts to develop theories, principles, and models is called
A. the economic perspective. B. the scientific method. C. policy economics. D. microeconomics.
Let W be the included exogenous variables in a regression function that also has endogenous regressors (X). The W variables can
A) be control variables B) have the property E(ui|Wi) = 0 C) make an instrument uncorrelated with u D) all of the above
Who would be most likely to move from Europe to the New World in the early 1600s?
a. A 19 year-old, first born son with many skills b. A 37 year-old skilled carpenter c. A 17 year-old from a poor family d. A 21 year-old woman e. An unskilled laborer with a wife and two children
Firms are highly likely to voluntarily engage in an efficient level of pollution abatement.
Answer the following statement true (T) or false (F)