The ratio of bank capital to bank assets is known as the bank's
A) leverage ratio.
B) net interest margin.
C) return on equity.
D) return on capital.
A
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A relative price is the product of two money prices
Indicate whether the statement is true or false
The type of commercial policy followed by England under the navigation laws
(a) was followed throughout the 17th and 18th centuries but not by any governments today. (b) was followed throughout the 17th and 18th centuries and is still pursued, in one way or another, by all governments in the world today. (c) was followed throughout the 17th, 18th, and 19th centuries but not by most governments today. (d) was followed throughout the 17th and 18th centuries and by European governments today, but not by the United States since the founding of the nation.
If an action creates more total benefits for gainers than total harm to losers,
a. that action would be a Pareto improvement. b. taking that action would improve efficiency c. the government should step in to take that action d. a side payment exists that would make the action a Pareto improvement e. any side payment would make the action inefficient
In what geographic areas would the traditional economy most likely be found?
a. parts of Asia, Africa, and South America b. Cuba and North Korea c. Europe and the United States d. China and Russia