The majority of banks in the United States are

a. federally chartered and members of the Fed
b. state-chartered banks and members of the Fed
c. savings institutions
d. state-chartered banks and not members of the Fed
e. state-chartered credit unions

D

Economics

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A patent grants an inventor exclusive rights to a product for how long?

A) 14 years B) 17 years C) 20 years D) the lifetime of the product

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If money raised in the issue of new stocks and bonds is used effectively,

a. the income from them is not subject to double taxation. b. a firm need not meet SEC requirements. c. the stock is being "watered." d. they generate the means of repayment.

Economics