The U.S. government acts as a lender of last resort to commercial banks

At which time is the opportunity cost likely to be higher to go to war, during a recession or during an economic boom? Explain your answer fully

What will be an ideal response?

Combining commercial banking and investment banking in the same organization produces a risk for that organization

A) that must be above that of investment banking. B) that is the same as investment banking, the riskier of the two activities. C) somewhere in between the risk of the two activities. D) that may be below that of commercial banking.