Since 1974, commercial banks importance as a source of funds for nonfinancial borrowers
A) has shrunk dramatically, from around 40 percent of total credit advanced to around 25 percent by 2014.
B) has shrunk dramatically, from around 70 percent of total credit advanced to below 50 percent by 2014.
C) has expanded dramatically, from around 50 percent of total credit advanced to above 70 percent by 2014.
D) has expanded dramatically, from around 30 percent of total credit advanced to above 50 percent by 2014.
A
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In one-input models, all technologically efficient production plans are economically efficient and vice versa.
Answer the following statement true (T) or false (F)
Refer to Scenario 2. If the age of a house increases by 1 year given that the square feet is held constant, what is the impact on the house's market value?
What will be an ideal response?
Who from among the following would be classified as out of the labor force?
A. Mario Faubert, a NHL hockey player at home sick with the flu. B. Jack Little, a 21 year old new college graduate actively looking for his first job. C. Amanda Pie, a full-time homemaker. D. Brenda Smith, an 18 year old college student employed part-time at a fast food restaurant.
Bank panics:
A. occur frequently in fractional reserve banking systems. B. are a risk of fractional reserve banking but are unlikely when banks are highly regulated and lend prudently. C. cannot occur in a fractional reserve banking system. D. occur more frequently when the monetary system is backed by gold.