The tendency for large banks to have a higher return on equity than small banks suggests:
A. larger banks are better able to escape the cost of regulation.
B. there could be significant economies of scale in banking.
C. large banks can charge higher interest rates than small banks.
D. small banks have better management than large banks.
Answer: B
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In the U.S., each additional year of schooling has historically raised a person's wage on average by about
a. 5 percent. In less developed countries the gap between the wages of educated and uneducated workers is smaller. b. 10 percent. In less developed countries the gap between the wages of educated and uneducated workers is smaller. c. 5 percent. In less developed countries the gap between the wages of educated and uneducated workers is larger. d. 10 percent. In less developed countries the gap between the wages of educated and uneducated workers is larger.
Use the table below to answer the following question.UnitsMarket PriceMinimum Acceptable Price1$10$22104310641085101061014What is the value of producer surplus in the table above?
A. $6 B. $20 C. $54 D. $12