Question
In: Economics
(2) In the United States, more than 50% of banks have less than $100 million in...
(2) In the United States, more than 50% of banks
have less than $100 million in assets: T or F?
(3) In 1980, there were 14,404 commercial banks in the
United States, but now there are 5,116 in 2020: T or F?
(4) The U.S. banking industry is highly concentrated
compared with other industries in the United States or compared
with the banking industry in other countries: T or F?
(5) The U.S. banking industry is one of the most
heavily regulated industries in the U.S.: T or F?
(6) The importance of banks as a source of funds to
nonfinancial borrowers has shrunk dramatically in the U.S. over the
past five decades or so: T or F?
(7) Currently the United States has about five banks
per million people, compared with slightly more than one per
million in Japan and fewer than one per million in Canada: T or
F?
(8) The dual banking system was created by the National
Bank Act of 1863: T or F?
(9) All national banks are required to be member banks
of the Federal Reserve System: T or F?
(10) State banks are not required to become members of
the Federal Reserve System, and currently only one in four state
banks is a member: T or F?
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
There are over 5,000 banks in the United States—more than 10 times more per person than...
There are over 5,000 banks in the United States—more than 10
times more per person than in other industrialized countries. A
recent study suggests that the long-run average cost curve for an
individual bank is relatively flat. If Congress took steps to
consolidate banks (merge some of the banks), thereby reducing the
total number to 2,500, what would you expect to happen to average
costs within the banking industry?
There are over 5,000 banks in the United States—more than 10 times more per person than...
There are over 5,000 banks in the United States—more than 10
times more per person than in other industrialized countries. A
recent study suggests that the long-run average cost curve for an
individual bank is relatively flat. If Congress took steps to
consolidate banks, thereby reducing the total number to 2,500, what
would you expect to happen to costs within the banking
industry?
Please provide a detailed explanation in terms of what long-run
average cost curve for the individual bank...
There are over 5,000 banks in the United States—more than 10 times more per person than...
There are over 5,000 banks in the United States—more than 10
times more per person than in other industrialized countries. A
recent study suggests that the long-run average cost curve for an
individual bank is relatively flat. If Congress took steps to
consolidate banks, thereby reducing the total number to 2,500, what
would you expect to happen to costs within the banking
industry?
Please provide a detailed explanation in terms of what long-run
average cost curve for the individual bank...
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