Which of the following represented the largest liability on the balance sheet of U.S. commercial banks in 2012?
A) checkable deposits
B) loans
C) nontransaction deposits
D) borrowings
C
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Troubled Asset Relief Program is a government program that invested in financial institutions and automakers to help stabilize markets
Indicate whether the statement is true or false
Which type of audit determines if specific rules and regulations set by higher authorities are being met?
a. financial statement audit b. salary audit c. operational audit d. compliance audit e. integrated audit
In 2014, exports as a percentage of GDP for the United States are approximately
A) between 1% and 5%. B) between 10% and 20%. C) between 20% and 40%. D) between 40% and 75%. E) between 75% and 90%.
A possible advantage of a horizontal merger for the economy is that
A) the government stands to collect more corporate income tax revenue. B) the merged firm might reap economies of scale which could translate into lower prices. C) the merging firms could avoid losses. D) the degree of competition in the industry will be intensified.