When banks calculate the losses the institution would incur if an unusual combination of bad events happened, the bank is using the ________ approach
A) stress-test
B) value-at-risk
C) trading-loss
D) maximum value
A
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When more labor is unemployed than the amount at the natural unemployment rate, then real GDP ________ potential GDP
A) is equal to B) is less than C) is greater than D) cannot be compared to
Explain how the money market determines the equilibrium interest rate
What will be an ideal response?
Which of the following statements about markets and industries is TRUE?
A) A market includes buyers but not sellers. B) A market includes sellers but not buyers. C) An industry includes buyers but not sellers. D) An industry includes sellers but not buyers.
If firms pay what are called "efficiency wages," they pay wages that
A) motivate workers to increase their productivity. B) are lower than average to ensure maximum profit. C) will eventually lower the unemployment rate. D) are mandated by the government.