European countries (relative to the United States)
a. have a higher share of bank loans to GDP
b. have a higher market capitalization
c. have more IPOs
d. rely on insider trading
e. none of the above
A
You might also like to view...
In a simple economy without government or the foreign sector, saving must equal investment because output is divided into consumption and investment, and income is either consumed or saved
Indicate whether the statement is true or false
Rawls's thought experiment of the "original position" behind the "veil of ignorance" is meant to draw attention to the fact that
a. the rich have so much money that they don't know how to spend it all. b. outcomes are efficient only if everyone begins with equal opportunity. c. most of the poor do not know how to find better jobs and escape poverty. d. the station of life each of us was born into is largely a matter of luck.
The term "market" refers only to trading arrangements that have been approved by the government
Indicate whether the statement is true or false
Firms that participate in regular open market transactions with ________ are called primary dealers
A) Treasury banks B) the Federal Reserve C) mortgage lenders D) commercial banks