Discuss three ways in which U.S. banks can become involved in international banking
What will be an ideal response?
United States banks could open a foreign branch of their bank. A U.S. bank holding company could purchase controlling interest in a foreign bank in a foreign country. A U.S. bank could open a Edge Act Corporation. A U.S. bank could open an International Banking Facility in the U.S. which accepts time deposits from foreigners and makes loans to foreigners in the U.S.
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How Monetary Policy affects the Economy?
If the marginal social cost of a good equals the marginal private cost of the good, then the marginal external cost of the good
A) is zero. B) equals the marginal social cost. C) equals the marginal social benefit. D) equals the marginal private benefit.
Refer to the above graph. Consider a monopolist in short-run equilibrium. This monopolist:
A. will cease production since its economic profits are negative. B. earns economic profit equal to area ABED. C. has total fixed costs equal to area BEFC. D. has total variable costs equal to area 0CFQ.
The movement of taxpayers into higher tax brackets as nominal incomes grow is
A. Bracket hike. B. Bracket creep. C. Inflation hike. D. Bracket leap.