A merger between Bank of America and Citibank would be a ____ merger.
Fill in the blank(s) with the appropriate word(s).
horizontal
You might also like to view...
Inflation targeting is a framework for carrying out monetary policy whereby
A) the central bank commits to a monetary growth rule. B) the central bank commits to achieving a publicly announced level of inflation. C) the central bank commits to achieving a target level of inflation which is never announced publicly. D) the central bank adopts a rigid target for inflation and ignores declines in output.
According to Adam Smith, the "invisible hand" refers to which of the following?
a. The "best interests of society (public interest) will occur as an outcome of the market process coordinating the self-interested interactions of buyers and sellers (private interest). b. Government interference is the invisible hand of inefficiency. c. Bribes and graft is the invisible hand of inefficiency. d. The "best interests of society" will occur as an outcome of careful guidance by government authorities in allocating scarce goods and services.
Milton Friedman, a leading monetarist, believes the Fed should not manage the money supply in a discretionary manner. Which of the following statements is NOT a reason for Friedman's belief?
A. The limitations of our knowledge make any discretionary policy very unpredictable. B. The past performance of the Fed has not given a strong indication that it has the ability to regulate the money supply in such a manner. C. Friedman advocates the rule of steady monetary growth. D. Discretionary monetary policy promotes confidence within the business community by providing a greater amount of stability to money and credit.
The dual nature of most developing countries implies that:
A. their financial sectors are not integrated into Western financial markets. B. only a portion of their financial sectors are integrated into Western financial markets. C. their financial sectors are similar to Western financial markets. D. their financial sectors are fully integrated into Western financial markets.