An early sign that financial innovation might be leading toward a financial crisis is ________
A) deleveraging
B) a bank panic
C) a credit boom
D) debt deflation
C
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Third-degree price discrimination is more common in service industries because ________.
A. all firms in these industries have significant monopoly power over price B. low price buyers will find it virtually impossible to resell the products of such industries to high price buyers C. the costs of providing such industries' products to different groups of buyers vary dramatically D. the price elasticity of demand is the same for all groups of buyers in these industries
Which of the following statements is always true when inflation occurs?
a. The international competitive position of the country is negatively affected. b. The domestic money loses purchasing power. c. None of the above is true. d. All of the above are always true. e. Lenders benefit and borrowers suffer.
Obesity is directly responsible for a massive increase in the number of cases of ______.
a. AIDS b. Hepatitis B c. Type II Diabetes d. Alzheimer’s
Models must
A) be able to yield useable predictions. B) be totally realistic in every detail. C) be a complete reproduction of the real world. D) include every relationship that exists.