In 2008, Morgan Stanley and Goldman Sachs decided to ______.
a. declare bankruptcy
b. sell out to other banks
c. become commercial banks
d. become investment banks
c. become commercial banks
Economics
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Price elasticity of demand refers to the ratio of the:
a. percentage change in price of a good in response to a percentage change in quantity demanded. b. percentage change in price of a good to a percentage increase in income. c. percentage change in the quantity demanded of a good to a percentage change in its price. d. none of these.
Economics
The Asian financial crisis was brought about by:
A. debt crisis. B. exchange rate crisis. C. excessive loss of national resources. D. None of these statements is true.
Economics