All of the following are common to banking crises in different countries EXCEPT
A) financial liberalization or innovation.
B) weak bank regulatory systems.
C) a government safety net.
D) a dual banking system.
D
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In a competitive market, a negative externality creates a deadweight loss because
A) the cost of the externality is double counted. B) a harm is generated. C) price equals social marginal cost. D) price equals private marginal cost.
The official definition of poverty is
A) exactly the 12 percent of U.S. residents with the lowest incomes. B) exactly the 20 percent of U.S. residents with the lowest incomes. C) an absolute measure. D) a relative measure.
Anti-trust law
a. has been used to create monopolies b. has been used to eliminate patents and copyrights c. has been used to maximize producer surplus d. should not be used to break up a monopoly that results from network externalities e. has been used to break up monopolies
Paper bills of different denominations ($1, $2, $5, $10, etc.) generally have an equal average life of circulation within the U.S. economy
Indicate whether the statement is true or false