In 1964 a certain foreign bank opened a branch in the United States. That branch
A) has always been allowed to underwrite securities.
B) has never been allowed to underwrite securities.
C) gained the right to underwrite securities by the International Banking Act of 1978.
D) lost the right to underwrite securities by the International Banking Act of 1978.
A
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In an Israeli factory, each worker can produce 2/5 of a shirt in an hour or 1/4 of a pair of pants in an hour. If there are 500 workers in the factory, then the maximum number of pairs of pants that can be made in an hour is
a. 120 b. 250 c. 75 d. 350 e. 300
Ms. Lane borrowed $1,000 from her bank for one year at an interest rate of 10 percent. During that year, the price level went up by 15 percent. Which of the following statements is correct?
a. Ms. Lane will repay the bank fewer dollars than she initially borrowed. b. Ms. Lane's repayment will give the bank less purchasing power than it originally loaned her. c. Ms. Lane's repayment will give the bank greater purchasing power than it originally loaned her. d. Ms. Lane's repayment will give the bank the same purchasing power that it originally loaned her.