Mergers resulting from the financial crisis of 2007-2009 have left what percentage of deposits in the hands of 4 banks?
A. 30%
B. 40%
C. 10%
D. 60%
Answer: B
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Ceteris paribus, a decrease in the number of firms selling calculators will result in
A. A decrease in the supply of calculators. B. A decrease in the demand for calculators. C. An increase in the supply of calculators. D. An increase in the demand for calculators.
Refer to the accompanying figure. If Laura and Chris are the only two consumers in this market, then at a price of $2.00 per pound, the market demand for hamburger is:
A. 8 pounds per week. B. 4 pounds per week. C. 2 pounds per week. D. 6 pounds per week.
If public goods were marketed like private goods, then
A. Public goods would be overproduced. B. The economy would be outside the production possibilities curve. C. The optimal mix of output would occur at the market equilibrium. D. There would be market failure.
You sell your good in a perfectly competitive market where the market price is $33.00. When you sell 100 units your total revenue is $3,300. When you sell 101 units:
A. total revenue increases by less than $33. B. total revenue increases by exactly $33. C. total revenue increases by more than $33. D. total revenue may increase or decrease.