The banking industry is heavily regulated because
A. banking is a monopoly industry.
B. most banks are owned by government agencies.
C. bankers do what is best for their stockholders, not necessarily what is best for the economy.
D. All of these responses are correct.
Answer: C
Economics
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Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of $75 per day. If the market wage is now $62.50 per day, what was the first employee earning when she worked alone?
a. $40. b. $45. c. $50. d. $55. e. $60.
Economics
A bond that promises to pay $X in 10 years must be worth less than $X now.
Answer the following statement true (T) or false (F)
Economics