Regulators and supervisors of banks are challenged by all of the following, except:
A. globalization of financial services.
B. technological innovation.
C. the use of new financial instruments that shift risk without shifting ownership.
D. reinforcement by Congress of functional and geographic barriers in banking.
Answer: D
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If the elasticity measure equals 1.0, then the demand is
A) elastic. B) unit elastic. C) inelastic. D) infinitely elastic.
Suppose, while cleaning out its closets, a worker at the Federal Reserve bank branch in Memphis discovers a painting of Elvis (medium: acrylic on velvet) that used to grace the walls of the conference room
Suppose further that, at a public auction, the bank sells the painting for $19.95. This sale will cause ________ in the monetary base, everything else held constant. A) an increase of $19.95 B) an increase of more than $19.95 C) a decrease of $19.95 D) a decrease of more than $19.95
Which of the following cost curves always declines continuously as output increases?
a. ATC b. AVC c. AFC d. MC e. TC
Which of the following is an example of a fiscal policy?
a. Raising the discount rate b. Reducing the reserve requirement c. Reducing government spending d. Pegging the currency