Which of the following best describes what top management is primarily responsible for?
-Encouraging social interaction among employees
-Developing strategies that result in a company's competitive advantage
-Developing new products and services
-Addressing specific quality control and team building problems
-Developing strategies that result in a company's competitive advantage
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Credit rationing by an FI
A. involves restricting the quantity of loans made available to individual borrowers. B. results from a positive linear relationship between interest rates and expected loan returns. C. is not used by FIs at the retail level. D. involves rationing consumer loans using price or interest rate differences. E. is only relevant to banks.
The risk-free rate on borrowed funds is determined by
A) the Federal Reserve. B) Congress. C) supply and demand. D) the banking system.