If someone wants to start a bank today they would have to:
A. simply have $5 million is startup capital, a charter is no longer needed.
B. obtain a state charter, the federal government stopped issuing charters in 1970.
C. obtain a charter either from the federal or state government.
D. obtain a charter from the federal government.
Answer: C
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Monopolistic competition is an
a. efficient market structure because long-run profits are zero. b. efficient market structure because each firm produces at its efficient scale. c. inefficient market structure because there is deadweight loss. d. Both a and b are correct.
One standard method of determining just compensation is the comparable sales method. What is the comparable sales method, and why might some individuals perceive this method to be unfair?
What will be an ideal response?
You notice that when interest rates increases, new residential housing prices tend to decrease. This observation indicates that
A) there must be false causality between interest rates and housing prices. B) higher interest rates must cause low housing prices. C) a scatter diagram between interest rates and housing prices will show a negative relationshi
About one out of every ________ black children under the age of 18 is poor.
Fill in the blank(s) with the appropriate word(s).