Why did Goldman Sachs and Morgan Stanley seek to become financial holding companies in October 2008?
What will be an ideal response?
As financial holding companies, Goldman Sachs and Morgan Stanley could both borrow from the Fed and, following Congress's passage of the Troubled Asset Relief Program (TARP) in October 2008, be eligible for injections of capital from the U.S. Treasury purchasing their stock.
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The secondary supply of copper is:
A equally elastic in the short run and in the long run. B unit elastic in the short run and perfectly elastic in the long run. C more elastic in the short run than in the long run. D less elastic in the short run than in the long run.
If Bonnie can produce either 10 hats or 20 scarves in a month, and Phil can produce either 10 hats or 5 scarves in a month, then
A) Bonnie is equally efficient at producing hats, compared to Phil. B) Bonnie is more efficient at producing hats, compared to Phil. C) Bonnie is more efficient at producing scarves, compared to Phil. D) Phil is more efficient at producing scarves, compared to Bonnie.