The two nations that have gone furthest with "universal banking" are
A) the United States and the United Kingdom.
B) the United Kingdom and Germany.
C) Germany and Japan.
D) the United States and Japan.
B
You might also like to view...
In defining money according to the transactions approach, you would want to include
A) those assets that are used as a unit of account. B) those assets that are used as a store of value. C) those assets that are used as a medium of exchange. D) those assets that are used as a standard of deferred payment.
Explain what occurs in the capital market
What will be an ideal response?
In recent years unemployment rates in several European countries have been higher than unemployment rates in the United States. Many economists believe that European unemployment rates have been higher because
A) European firms hire many seasonal workers from other countries, and this tends to inflate unemployment rates in their countries. B) of the different methods used to measure unemployment. If similar methods were used, unemployment rates in Europe and the United States would be about the same. C) the size of the military is much larger in the United States and all military personnel are classified as employed. D) unemployment benefits are more generous in Europe than in the United States.
If the central bank of a country increases the discount rate, a commercial bank would: a. experience a decrease in its net worth
b. hold a higher level of reserves. c. take more loans from the central bank. d. make more loans with its increased loan assets.