Which of the following is a TRUE statement concerning bank holding companies?
A) Bank holding companies own few large banks.
B) Bank holding companies have experienced dramatic growth in the past three decades.
C) The McFadden Act has prevented bank holding companies from establishing branch banks.
D) Bank holding companies can own only banks.
B
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Assume that a country's government influences the exchange rate through active central bank intervention, with no pre-announced path for the exchange rate. This policy is known as a(n):
a. floating exchange-rate policy. b. managed floating exchange-rate policy. c. fixed exchange-rate policy. d. crawling-peg exchange-rate policy. e. interventionist exchange-rate policy.
If the index of intra-industry trade is high, products are probably ______, and costs in both nations are ______.
a. identical; different b. differentiated; similar c. identical; similar d. differentiated; different
In the graph below, if the government imposes an excise tax as shown, what is the tax burden to the seller? And to the buyer? Explain
What will be an ideal response?
A person's real income will increase by 3% if her nominal income increases by
A. 5% while the price index falls by 2%. B. 5% while the price index rises by 2%. C. 2% while the price index falls by 5%. D. 2% while the price index rises by 5%.