Economies of scope are present when a bank also sells insurance and provides brokerage services for stocks and bonds
a. True
b. False
Indicate whether the statement is true or false
True
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In the United States, health care spending per person based on income per person is ________ the average for most other countries
A) slightly lower than B) comparable to C) significantly lower than D) significantly higher than
The relationship that implies that the nominal interest rate is equal to the real interest rate plus expected inflation is called the
A) exchange rate equation. B) Fisher equation. C) interest rate equation. D) term structure of interest rates.
Corporations have the disadvantage of which of these? (i) double taxation; (ii) unlimited liability.
A. (i) and (ii) B. (i) but not (ii) C. (ii) but not (i) D. neither (i) nor (ii)
The federal funds rate is the interest rate for
A. reserves that banks borrow from the Fed. B. the preferred customers of the banks. C. reserves borrowed by one bank from another bank. D. banks belonging to the Federal Reserve System.