When the Glass-Steagall Act was repealed in 1999, potential conflicts of interest arose with
A) the development of universal banking.
B) the introduction of more credit-rating agencies.
C) accounting firms developing more comprehensive services.
D) investment analysis in investment banking.
A
You might also like to view...
Assume that C = $3000 + 0.75(Y) and that intended investment = $1,000 . If national income is currently $20,000, then the economy's income will grow
Indicate whether the statement is true or false
According to Okun's law, when the output gap is positive, cyclical unemployment:
A. equals frictional unemployment. B. equals structural unemployment. C. equals zero. D. is negative.
A cartel is
A. generally legal in the United States. B. a group of firms acting under collusion to control output and maximize group profits. C. similar to a monopolistically competitive industry. D. a group of firms acting like a perfectly competitive industry.
An MPC value of less than 1.0 indicates that as income increases consumption
A. also increases, and by more than the increase in income. B. will go in the opposite direction and decrease. C. also increases, though not as much as income. D. also increases, and at the same rate as the increase in income.