Unit banks are:
A. more numerous in the United States than they were in previous decades.
B. banks with no branches.
C. commercial banks that have combined into one unit with an investment bank.
D. no longer permitted to exist in the United States.
Answer: B
You might also like to view...
According to the new classical approach to the aggregate supply curve, the aggregate supply curve slopes upward because
A) increases in the price level result in lower real balances. B) higher current output results in higher desired investment. C) higher prices result in higher levels of spending as consumers attempt to stay ahead of inflation. D) businesses have difficulty in distinguishing relative price increases from general price increases.
What happens to the saving curve when the consumption curve shifts? What happens to the saving and consumption curves when taxes are changed? Explain
Suppose that velocity and output are constant and that the quantity theory and the Fisher effect both hold. What happens to inflation, real interest rates, and nominal interest rates when the money supply growth rate increases from 5 percent to 10 percent?
The decrease in the price of a good would
A. cause a movement along the demand curve to a (lower price, higher quantity) point. B. cause a movement along the demand curve to a (higher price, lower quantity) point. C. move its demand curve to the left. D. move its demand curve to the right.