Economists refer to the conflict between the interests of shareholders and the interests of top management as
A) a stock-equity problem. B) a liability problem.
C) a financial intermediary problem. D) a principal-agent problem.
D
Economics
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A bank can only make a loan if it has
A) excess reserves. B) a creditworthy customer willing to pay a high interest rate. C) permission from the Federal Reserve. D) reserves equal to its deposits.
Economics
In the Cournot model, each firm's ________ shows the firm's optimal, profit-maximizing output given its rival's output.
A. collusive response B. dominant strategy C. price leadership decision D. reaction function
Economics