The existence of multiple federal bank regulatory authorities has been permitted to continue because
A) the regulators coordinate their activities well enough to avoid differences.
B) different types of banks require different kinds of regulation.
C) many regulatory authorities are necessary to insure the safety of depositor's funds.
D) the legislative will to replace the current regulatory system has been lacking.
D
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The current supervisory practice toward risk management
A) focuses on the quality of a bank's balance sheet. B) determines whether capital requirements have been met. C) evaluates the soundness of a bank's risk-management process. D) focuses on eliminating all risk.
Using the fiscal year 2014 estimates, the largest component of federal revenue is the
A) individual income tax. B) corporate income tax. C) excise tax. D) social insurance and contributions.
When buying a car from a commission salesman you improve your bargaining position by
a. shopping for last year's model when the new model year cars are arriving b. shopping when the showroom is full of customers c. shopping when the car lot has few cars left unsold d. shopping toward the beginning of the month
Monopolists usually earn economic rent
a. True b. False Indicate whether the statement is true or false