A unit bank is a bank that:
A. only offers savings accounts.
B. has no branches.
C. only makes one type of loan, (i.e.; home mortgages.)
D. provides a myriad of financial services, so customers get all or most of their financial needs taken care of at the bank.
Answer: B
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Which of the following statements would appeal to someone who favors an expanded public sector as the basis of expansionary fiscal policy?
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Comment on the following statement: "Average fixed cost falls as output rises, but average fixed cost will never be equal to zero."
What will be an ideal response?
Which of the following is not an assumption of the perfect competition model?
What will be an ideal response?
Provide a concise statement about the relationship between a developing country's emphasis on the export of traditional commodities and:
(a) export earnings stability; (b) comparative advantage; (c) terms of trade.