In the U.S. during the late 1800s and early 1900s, investment banks:
a. emerged to serve the expansion of railroads, mining companies and large manufacturers.
b. issued bank notes.
c. competed with state and national banks for deposits.
d. were required by law to maintain a minimum reserve ratio.
e. All of the above.
a. emerged to serve the expansion of railroads, mining companies and large manufacturers.
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Explain what is meant by the term "monetizing the deficit."
What will be an ideal response?
The above table gives some of the costs of the Delicious Pie Company. The marginal cost of increasing pie output from 200 to 300 pies equals ________ per pie
A) $1.800 B) $1,000 C) $8 D) $6
The financial intermediaries that the average person interacts with most frequently are
A) exchanges. B) over-the-counter markets. C) finance companies. D) banks.
A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is ?4.0 and the cross-price elasticity of demand between Y and X is 2.0, then a 2 percent decrease in the price of X will:
A. leave total revenues from X and Y unchanged. B. decrease total revenues from X and Y by $200. C. increase total revenues from X and Y by $520. D. decrease total revenues for X and Y by $600.