Our "dual" banking system refers to
A) commercial banks and thrifts.
B) federal and state chartering and supervision of commercial banks.
C) stockholder-ownership and depositor-ownership of depository institutions.
D) banks that are members and non-members of the Fed.
B
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The table above gives the utility from pens and pencils. If pens and pencils both cost $.25 each and the consumer has an income of $2.25, which of the following combinations maximizes the consumer's utility?
A) 3 pens and 6 pencils B) 4 pens and 5 pencils C) 5 pens and 4 pencils D) 6 pens and 3 pencils
The more closely substitutable are two goods, the
A) more normal looking is the indifference curve for the two items. B) more closely the indifference curve for these two items approximates a straight line. C) more tightly curved is the indifference curve for these items. D) None of the above answers is correct.