The United States has a dual banking system consisting of state banks and national banks

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Which of the following is not a reason for firms to choose a salary system rather than a commission system to compensate their employees?

A) If workers are paid on the basis of the number of units of output they produce, they may become less concerned about quality. B) Commission compensation systems are riskier for employees than a salary system, and many workers dislike risk. C) Research has shown that most companies will find that a salary system will be more profitable than a commission system. D) It is often difficult to attribute output to particular workers.

Economics

The earliest statement of the principle of comparative advantage is associated with

A) David Hume. B) David Ricardo. C) Adam Smith. D) Eli Heckscher. E) Bertil Ohlin.

Economics