In the late 1970s, savings and loans institutions were in financial trouble because they
A) had to pay low interest rates to attract depositors, but were earning low interest rates from past investments.
B) had to pay low interest rates to attract depositors, but were earning high interest rates from past investments.
C) had to pay high interest rates to attract depositors, but were earning high interest rates from past investments.
D) had to pay high interest rates to attract depositors, but were earning low interest rates from past investments.
D
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When pricing is used to limit entry, it is often described as
A) effective. B) predatory. C) exclusive. D) aggressive.
Which of the following is the formula for the marginal product of labor?
A. F(L) - F(L - ?L) B. F(L)/L C. F(L)/?L D. [F(L) - F(L - ?L)]/?L
Which of the following best describes the economic concept of utility?
a. Utility is the total number of units of a commodity that a consumer buys. b. Utility measures usefulness of goods, such as tools or food, and so goods such as artwork or attractive landscaping by definition has no utility. c. Utility measures the satisfaction, or pleasure, that people receive form consuming a good or service. d. Utility measures the purchasing power of individuals.
Political business cycles which are the results of economic fluctuations that occur when discretionary policy is manipulated for political gain
Indicate whether the statement is true or false