IBFs are designed to compete with
A) Eurobonds.
B) off-balance-sheet activities.
C) shell branches.
D) letters of credit.
C
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Suppose that the U.S. government acquires more foreign currency. This change is entered into which of the balance of payments accounts?
A) current account B) capital and financial account C) official settlements account D) reserves account E) trade account
In the decade immediately following emancipation, former slaves
a. were willing to work under the gang system in return for wages and benefits. b. decreased their labor supply. c. obtained ownership of roughly 40 percent of southern farms. d. moved to northern states in large numbers.
The phase of the business cycle that follows a recession is known as the:
a. peak. b. recession. c. recovery. d. trough.
The value of Best Bank's accounting profits was $35 million.
a. $1,000 b. $100 c. $10 d. $1