Question
When a financial institution is deemed too systematically important to go under, it is ________. This leads to ________. a.a monopoly; above-marginal cost pricing b.a
When a financial institution is deemed too systematically important to go under, it is ________. This leads to ________.
a.a monopoly; above-marginal cost pricing
b.a bank-holding company; adverse selection
c.an investment bank; nationalization
d.an "umbrella" bank; less competitione.too big to fail; moral hazard
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Historical Perspectives On The American Economy Selected Readings
Authors: Robert Whaples, Dianne C Betts
1st Edition
0521466482, 9780521466486
