Historically, which of the following was correct about banks in America ? A. most banks were small with a few branches B. most banks were small in size with one branch C. most banks were able to make a diversity of loans in different geographical locations. D. most banks were able to take advantage of economies of scale

Historically, which of the following was correct about banks in America ? A. most banks were small with a few branches B. most banks were small in size with one branch C. most banks were able to make a diversity of loans in different geographical locations. D. most banks were able to take advantage of economies of scale

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Monetary System

Section: Chapter Questions

Problem 3PA

See similar textbooks

Similar questions

How much money do you have to put into a bank account that pays 10% interest compounded annually to have 10,000 in ten years?
Q2 (Case study-compulsory) The Banking system acts as a backbone for any economy.Banks are the Financial Institutions that provide banking and other financial services to theircustomers, the journey of banking in India has pass through various phases from 18th centuryto 2020, with the passage of time especially after 1990s Banks realize in India that if theywant to survive they have to focus on customer service as well as customer relationshipmanagement. Gone are those days when customer use to walk-in the branches but slowlyafter 2010 with the advent of technology this walk-in reduced and the new word which camein light was “customer convenience”. At the same time RBI realises that if they want toincrease the flow of funds in economy, financial inclusion plays a very vital role and for thisreason in 2013 RBI constituted a committee headed by Dr. Nachiket Mor to study about thecomprehensive financial services for small businesses and low income households and resultis known to every…
How the E-banking services help the rural bank in having low Return on Equity and Return on Assets and what its advantage to the others? Explain each.
What is the difference between commercial bank and universal bank? (Give atleast 5)
Should banks that have become “too big to fail” (meaning their collapsewould significantly damage the economy) be subject to stricter regulationsthan smaller banks? Why or why not?
In 2008, as a financial crisis began to unfold in theUnited States, the FDIC raised the limit on insuredlosses to bank depositors from $100,000 per account to$250,000 per account. How would this help stabilizethe financial system?
Stealth bank has deposits of $300 million. It holds reserves of $20 million and has purchased government bonds worth $300 million. The bank's loans, if sold at current market value, would be worth $600 million. What does Stealth bank’s net worth equal? a. $1.22 billion b. $920 million c. $620 million d. $20 million
When you open a savings account, you and your joint account holder will need these fouritems. Put a checkmark next to or highlight, in the image below, the items you knowyou/your parent/guardian already have and circle any items you would need to work onobtaining
b). Explain the economic significance of rural banks to the economy? c). Enumerate the specific functions of the Bank of Ghana as enshrined in the Bank of Ghana Act 612 of 2002
a). Write brief notes on the new tier system of the pension scheme operating in Ghana b). Explain the economic significance of rural banks to the economy? c). Enumerate the specific functions of the Bank of Ghana as enshrined in the Bank of Ghana Act 612 of 2002
Having a good commercial bank on your side, like Suntrust or Wells Fargo, will make it much easier for your business to grow and expand Her commercial bank account balance was rarely over two hundred. What is a commercial bank? O a. private bank for consumers and firms © b. government run bank for consumers and firms O c. an investment firm O d.a synonym for credit union
What are the legislation and regulatory changes thathave driven the changes in the services of the financialinstitutions?