Asymmetric information is a universal problem. This would suggest that financial regulations
A) in industrial countries are an unqualified failure.
B) differ significantly around the world.
C) in industrialized nations are similar.
D) are unnecessary.
C
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Historical evidence for the U.S. economy indicates that changes in investment over the business cycle are the biggest cause of changes in
a) profits. b) real GDP. c) consumer spending. d) auto sales.
The discount rate is the interest
A. rate at which the central banks lend to the United States Treasury. B. rate at which the Federal Reserve Banks lend to commercial banks and thrift institutions. C. yield on long-term government bonds. D. rate at which commercial banks and thrifts lend to the public.
What is the amount of tariff imposed on a ton of sugar?
A. $1 B. $1,000 C. $500 D. $50
Capital controls for banks
A) reduce the chance of bank failures. B) have been demonstrated to be effective in preventing financial crises. C) increase the problem of moral hazard. D) increase the profitability of banks.