Which of the following was NOT a result of the passage of the Gramm-Leach-Bliley Act?
A) It repealed the Glass-Steagall Act.
B) It allowed commercial banks to participate in securities, insurance, and real estate activities.
C) It authorized new financial holding companies which permitted securities and investment firms to own commercial banks.
D) It increased the capital requirements for commercial banks.
D
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How does the demand curve for an oligopoly firm differ from the demand curves for firms in competitive market structures?
What will be an ideal response?
Which of the following is not classified as a service in the current account?
a. transportation b. insurance c. tourist expenditures d. income earned from foreign investments e. unilateral transfers
In the long run, the chief determinant of exchange rate changes is a change in
a. interest rates. b. real GDP. c. the price of gold. d. price levels.
If there is a recessionary gap in the economy, discretionary fiscal policy would likely involve an action to
A) shift the aggregate demand curve to the right. B) shift the aggregate demand curve to the left. C) shift both the aggregate demand curve and aggregate supply curve to the right. D) shift both the aggregate demand curve and aggregate supply curve to the left.