In 2004, China had a substantial trade surplus with

Banking panics are especially dangerous because:

A. they can lead to other panics, such as retail panics. B. the government will respond by seizing all banking assets. C. they can start easily and spread quickly. D. the banking sector employs about 25% of workers in the United States.

Which of the following is a type of ownership that features a fixed payment?

a. common stock b. preferred stock c. retained earnings d. bonds