What financial innovations helped banks to get around the bank branching restrictions of the McFadden Act?
What will be an ideal response?
The introduction of the automated teller machine allowed a bank's customers to have access to funds from various locations not just the bank building and was not subject to the branching restrictions. Bank holding companies could own controlling interest in several banks and other companies related to banking.
Economics
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Laqueta buys a new GPS device for her car for $135 . She receives consumer surplus of $25 on her purchase if her willingness to pay is
a. $25. b. $110. c. $135. d. $160.
Economics
Crowding out is caused by
A. A decline in overall spending. B. A decline in tax revenues. C. An increase in government borrowing. D. An increase in consumer spending.
Economics