Many states prohibited bank branching because of all of the following except:
A. the McFadden Act of 1927.
B. they wanted to protect the profits of banks since they generated tax revenue from these profits.
C. they feared the concentration and monopoly power of large banks.
D. they generated significant revenue from issuing bank charters.
Answer: A
You might also like to view...
Bruno makes tamales to sell at the local farmer's market, and each month he sells all he makes. Each month, tamales had been selling for $10 per dozen and Bruno made 80 dozen tamales at a total cost of $500
It costs Bruno $100 to rent a booth at the farmer's market. This month, as Bruno is getting ready to pay management the $100 booth rental fee and display his tamales, he discovers that he will need to cut his price to $5 per dozen to compete with other tamale sellers. Bruno should A) not pay the booth rental fee and not set up his booth because he has already spent $500 to make his tamales and will only receive $400 by selling them. B) only set up his booth if he does not have to pay the booth rental fee because then he will at least break even. C) go ahead and pay the fee and set up his booth because the marginal benefit of selling his tamales is $400 and the marginal cost is $100. D) not set up his booth this month because the marginal benefit of selling his tamales is $400 and the marginal cost is $600.
What kind of relationship appears to actually exist, if one examines the actual data regarding the inflation rate and the unemployment rate for all years since 1953?
A) a direct relationship B) a one-to-one relationship C) an inverse relationship D) no relationship in the long run
What act established a body to help enforce antitrust laws?
a. Security and Exchange Commission Act b. Judicial Trust Commission Act c. Federal Trade Commission Act d. The Senate Oversight Committee Act
Investment from abroad
a. is a way for poor countries to learn the state-of-the-art technologies developed and used in richer countries. b. is viewed by economists as a way to increase growth. c. often requires removing restrictions that governments have imposed on foreign ownership of domestic capital. d. All of the above are correct.