Investment banks in the U.S. are
A) regular banks specializing in investment projects.
B) not banks at all but institutions which specialize in underwriting sales of stocks and bonds.
C) special arm of the U.S. government for U.S. banks operating outside the U.S.
D) regular banks specializing in investment projects, but allowed to offer limited domestic transactions.
E) international banks that are heavily invest in the U.S.
B
You might also like to view...
If the expected future inflation rate decreases, then
A) aggregate demand increases. B) short-run aggregate supply increases. C) aggregate demand decreases. D) long-run aggregate supply decreases.
What is viewed in the private sector as competition in the public sector is treated as _____
a. duplication b. destruction c. fighting d. economic warfare
A tit-for-tat strategy is one in which oligopolies
A) cooperate as long as other members cooperate, but if anyone cheats, they cut the price until the cheater reverts to cooperation. B) cooperate almost all of the time, but occasionally do not cooperate in order to fool the antitrust authorities. C) keep cutting prices to punish rivals until the competitive price is reached. D) try to avoid the problems of the prisoners' dilemma, but actually make themselves worse off.
The empirical specification TVC = aQ + bQ2 + cQ3 can be used to estimate
A. a ?-shaped TVC curve. B. short-run cubic cost function. C. a short-run cubic production function. D. both b and c E. none of the above