Which of the following situations is an example of bank mismanagement?
a. Bank W decreasing its rate of interest below the rate set by the Fed to attract more borrowers
b. Bank X charging high fees on the processing of loans and checks
c. Bank Y refusing loans to all clients who have an asset value below 25,000
d. Bank Z providing loans only to large corporate houses with a high net worth
a
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________ is(are) department(s) of U.S. banks that are permitted to engage in Eurocurrency banking
A) Eurobanks B) The Paris Club C) International Banking Facilities D) Both A and C
A firm that wishes to maximize profits will continue to hire labor until the
A) real wage = MPL. B) nominal wage = MPL. C) nominal wage = the real wage. D) nominal wage = the price level.
When what people pay does not necessarily reflect the real value they put on a good, it is likely that the:
A. good will be undersupplied. B. not a socially desirable good. C. free rider problem does not exist. D. good is easily excludable.
Expanding per capita incomes in the United States have resulted in a(n):
A. More-than-proportionate increase in the demand for agricultural products B. Proportionate increase in the demand for agricultural products C. Less-than-proportionate increase in the demand for agricultural products D. Absolute decline in the amount of agricultural products consumed