What is the primary reason for the differences between the U.S. banking system and those in other major industrial countries?
A) Economies of scale are greater in banking in the United States than in banking in other countries.
B) legislation that led to the development of state and national banks
C) the Federal Reserve System
D) the National Bank
B
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What is liquidity? Why is money the most liquid of all assets? What is the cost of this liquidity?
What will be an ideal response?
Temporary, short-term discount loans to banks in areas in which agriculture and tourism are important are known as
A) primary credit. B) secondary credit. C) seasonal credit. D) repo loans.
If the income elasticity of demand is less than 1.0, it means it is an inferior good
a. True b. False Indicate whether the statement is true or false
Unemployment rates differ widely among various groups in the population.
Answer the following statement true (T) or false (F)