The European model punishes insider trading less severely than the American model

In an economy open to international trade where the interest rate at which saving and investment would be equal is ________ the world real interest rate ________

A) above; a trade surplus ensues B) below; a trade deficit ensues C) above; there is a net capital outflow D) below; there is a net capital inflow E) none of the above

Assets of the commercial banking system include:

A. reserves and deposits. B. deposits. C. loans and deposits. D. reserves and loans.