According to Fed Chairman Bernanke's analysis of the Depression-era financial system,
a. bank lending was often based on long-term relationships between banks and customers.
b. after the banking system collapsed, it recovered quickly due to government intervention.
c. bank lending at large was a severely depersonalized endeavor by 1925, which caused risky loan practices.
d. Both a and b are correct.
a. bank lending was often based on long-term relationships between banks and customers.
You might also like to view...
Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2013 and 2015
A) 23.8% B) 40% C) 42.9% D) 73.3%
In recent years, the average prison sentence for managers convicted of violating the Sherman Act is ________ years.
A) five B) two C) three D) ten
For a new product to be profitable, it must:
A. enable customers to obtain greater total utility from their money income. B. be less expensive than existing substitute products. C. have greater marginal utility than existing substitute products. D. embody process innovation.
Diversifiable risk refers to risk:
A. faced by a portfolio in general. B. that can be reduced with appropriate fiscal and monetary policy. C. posed by business cycle fluctuations. D. specific to a particular investment.