The deregulation of the banking industry, unintentionally, but eventually
a. created a boom for savings and loans that lasted a full decade
b. had no dramatic effect on savings and loans but upset the stability of the banking system for well over a decade
c. caused many savings and loans to go bankrupt within a few years
d. caused many savings and loans to merge with other banks, which resulted in a surge in interest rates
e. had no effect on the interest rates that savings and loans charged but it did affect the extent of loans, which more than doubled in a few years
C
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A public good
A. is available to all and cannot be denied to anyone. B. is characterized by rivalry and excludability. C. can be profitably produced by private firms. D. produces no positive or negative externalities.
Nontraded securities are part of
A) direct, but not indirect finance. B) indirect, but not direct finance. C) direct and indirect finance. D) neither direct nor indirect finance.
Management is the process of:
a. Controlling others' lives b. Using resources to achieve goals c. Changing one's perspective for the better d. Acting in a habitual or repetitive pattern
The benefit of a price floor to ________ is ________.
A. producers; the floor creates excess demand B. producers; the selling price of the product is above the equilibrium price C. consumers; the selling price of the product is below the equilibrium price D. consumers; the floor creates excess supply