Which of the following is a consequence of the globalization and integration of financial markets?
A) Banks' investment portfolios often contain millions of dollars in assets located in other countries.
B) Economic crises are less common and typically less severe than they used to be.
C) Investors and businesses are denied access to overseas markets.
D) It fails to provide a better return on investment for investors.
Answer: A
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Over time, initiative campaigns have become ________
A. less sophisticated and more costly B. more sophisticated and more costly C. less sophisticated and less costly D. more sophisticated and less costly
Social Security is called a “pay as you go” system. This means that ______.
A. benefits that the U.S. government currently pays out are funded through currently collected taxes B. individuals control the investment of their Social Security dollars (also called privatized) C. it is a means-tested program D. money taken out for Social Security today will pay for benefits in the future