"Universal banking" can lower the risk of participating financial institutions if
A) there is high correlation in the returns of the permitted activities.
B) there is low correlation in the returns of the permitted activities.
C) there are firewalls between all the permitted activities.
D) none of the customers of the institution are federally insured.
B
Economics
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A majority of federal revenue once came from tariffs
a. True b. False
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Purchasing power parity exists when domestic currency:
a. maintains a fixed exchange rate with foreign currency. b. is not convertible into foreign currency. c. buys more goods at home than abroad. d. buys as many goods at home as it does abroad. e. appreciates in value against foreign currency.
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