It is __________ in the United States for a bank to require a business owner to put up some of his personal assets as "__________" collateral for a loan to his business
A) legal; inside
B) legal; outside
C) illegal; inside
D) illegal; outside
B
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The economic incentive for third-degree price discrimination is based upon ________.
A. differences among sellers' costs B. a desire to evade antitrust legislation C. prejudices of business managers D. differences among buyers' elasticities of demand
What is the incentive for a firm to join a cartel?
A) to be able to earn larger profits than if it was not part of the cartel B) to be able to earn profits in the long run but not in the short run C) to produce a larger amount of output than if it was not part of the cartel D) to completely insulate itself from competition
States that developed successful and sound commercial banking systems in the antebellum period included all of the following except:
a. New York. b. Ohio. c. Michigan. d. Louisiana.
If the money supply is $350 and PQ is $1,400, according to the quantity theory of money, the velocity of money is
a. 35.0. b. 7.5. c. 4.0. d. 0.25.