Commercial banks and thrift institutions:
A. differ because thrifts cannot make loans.
B. differ because thrifts cannot offer checkable deposits.
C. have become less similar in recent years.
D. have become increasingly similar in recent years.
D. have become increasingly similar in recent years.
You might also like to view...
According to the Ricardo-Barro effect, an increase in the government budget deficit
A) lowers the real interest rate. B) has no effect on the nominal interest rate but does change the real interest rate. C) shifts the demand for loanable funds curve leftward. D) shifts the supply of loanable funds curve leftward. E) does not change the real interest rate.
Explain using welfare measures whether consumers prefer a single price monopoly or a perfect-price-discriminating monopoly
What will be an ideal response?
One In the News article is titled "CDs Not Paying Much." From this article and from reading the text, one would infer that
A. CD balances are only in M2. B. CD balances are not in M1 or M2. C. CD balances are in both M1 and M2. D. CD balances are only in M1.
Will a monopolist produce at a quantity that is higher than the long-run competitive equilibrium output level?
A. No, profit maximization for a monopoly always occur at a lower output level than in a competitive market. B. Yes, the monopoly always produces at an output level larger than in a competitive market. C. Yes, but only if it is a monopoly because it holds a patent. D. There is no theory in microeconomics that states that a monopolist produces larger or smaller output than in a perfectly competitive firm in the long-run.