The most important developments that reduced banks cost advantages include
A) the growth of the junk bond market.
B) the competition from money market mutual funds.
C) the growth of securitization.
D) the growth in the commercial paper market.
B
You might also like to view...
________ is most likely to contribute to an improvement in our living standard
A) An increase in real GDP B) A decrease in nominal GDP C) An increase in the price level D) An increase in depreciation E) An increase in the GDP deflator combined with a decrease in nominal GDP
In the Keynesian model when desired investment exceeds desired saving,
A) inventories rise. B) inventories fall. C) the price level rises. D) the price level falls.
Persons who do not hold a job and are not actively seeking work are considered: a. out of the labor force
b. unemployable, and not counted in official statistics. c. underemployed. d. unemployed.
Which of the following is not a major responsibility of the Fed?
A) controlling the money supply B) serving as the federal government's banker C) determining tax rates D) acting as a lender of last resort