A bank holding company is:
a. a conglomerate that owns a bank to service the other businesses it owns.
b. a loose federation of private banks that holds assets in common
c. a corporation that owns one or more banks.
d. a bank that is owned by the depositors.
e. a subsidiary of a major corporation.
c
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Which of the following is a feature of experiments?
A) Experiments are restricted to laboratories. B) Experiments are carried out only in the study of economics. C) Experiments help determine cause and effect between variables. D) Experiments require the division of participants into a treatment group and a test group.
A market is perfectly competitive if
A) each firm in it can influence the price of its product. B) there are many firms in it, each selling a slightly different product. C) there are many firms in it, each selling an identical product. D) there are few firms in the market.
The most important source of funds for nonfinancial businesses is ________
A) financial intermediaries B) insurance companies C) hedge funds D) state and local governments
All of the following are examples of a constant-elasticity demand curve except a(n)
a. perfectly elastic demand curve b. linear demand curve with a slope of -4 c. perfectly inelastic demand curve d. unit-elastic demand curve e. vertical demand curve