The Bank Holding Company Act of 1956:
A. significantly broadened the scope of what bank holding companies could do.
B. limited bank holding companies to operating only within their chartered state.
C. repealed the McFadden Act of 1927.
D. limited the scope of bank holding companies in terms of services offered.
Answer: A
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The law of supply states that
a. as prices increase, quantity supplied decreases. b. price changes are always in the same direction as supply changes. c. a change in price causes a change in supply. d. price and quantity supplied are positively or directly related.
Which of the following statements is true about patents and copyrights? (i) They have benefits and costs. (ii) They lead to higher prices. (iii) They enhance the ability of monopolists to earn above-average profits
a. (i) and (ii) only b. (ii) and (iii) only c. (ii) only d. (i), (ii), and (iii)
Figure 7.3
The price of Video Game rentals is $2 For MUA/$ and $4 for MUB/$.The price of Energy Drinks is $2.Budget = $28.Refer to Figure 7.3. A decrease in the price of video game rentals from $4 to $2 will:
A. increase the marginal utility per dollar of video game rentals. B. decrease the marginal utility per dollar of video game rentals. C. increase the marginal utility per dollar of energy drinks. D. decrease the marginal utility per dollar of energy drinks.
Refer to Table 2.3. Nominal GDP in 2007 is
A) $320.63. B) $490.00. C) $568.00. D) $1282.50.