A financial innovation that developed as a result of banks avoidance of bank branching restrictions was
A) money market mutual funds.
B) commercial paper.
C) junk bonds.
D) bank holding companies.
D
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An increase in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a different point on the frontier
Indicate whether the statement is true or false
Use the above table. Assuming constant opportunity costs, the opportunity cost of producing a gallon of wine in France is
A) 0.33 pound of beef. B) 0.5 pound of beef. C) 2 pounds of beef. D) 3 pounds of beef.
Since 1983, the US has typically run a financial account surplus
a. True b. False
The external debt can place a continuing burden on the United States by reducing consumption in the United States
Indicate whether the statement is true or false