Which of the following statements about bank loans is correct?
a. Banks are allowed to make loans to businesses, individuals, but not make loans to other banks or invest in the stock market.
b. Banks are allowed to make loans to businesses, individuals, and other banks, but not invest in the stock market.
c. Banks are allowed to make loans to businesses, individuals, and invest in the stock market, but not make loans to other banks.
d. Banks are allowed to make loans to businesses, individuals, other banks, and invest in the stock market.
b. Banks are allowed to make loans to businesses, individuals, and other banks, but not invest in the stock market.
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Today, one U.S. dollar exchanges for 1.10 euros. The next morning the same dollar exchanges for 1.07 euros. We can conclude that the dollar has ________ and the euro has ________
A) depreciated; appreciated B) appreciated; appreciated C) appreciated; depreciated D) depreciated; neither appreciated nor depreciated E) depreciated; depreciated
You and your friends eat potato chips in your bedroom. For you and your friends, the potato chips are rival in consumption
a. True b. False Indicate whether the statement is true or false
Suppose the one-year nominal interest rate is 2.0% in the United States and 5.0% in Canada. Should you hold Canadian bonds or U.S. bonds? Explain
What will be an ideal response?
By the 2000s, an important market change occurred when investment banks became significant participants in the secondary market for
A) mortgages. B) Treasury securities. C) corporate bonds. D) currency.