A bank holding company is:

A bank holding company is:
 a. a conglomerate that owns a bank to service the other businesses it owns.
  b. a loose federation of private banks that holds assets in common.
 c. a corporation that owns one or more banks.
 d. a bank that is owned by the depositors.
 e. a subsidiary of a major corporation.

QUESTION 2

According to some economists, firms in some industries gain a performance advantage by:
 a. dumping.
 b. charging a zero price for products.
  c. clustering.
 d. reducing R&D spending.
 e. increasing labor wage.

QUESTION 3

Under the original Sherman Antitrust Act, violators were guilty of a misdemeanor.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

Compared to many other countries, the United States has:
 a. fewer banks, with assets distributed more evenly.
 b. fewer commercial banks, with assets concentrated in a few large banks.
  c. more banks, with assets concentrated in a few large banks.
 d. more commercial banks, with deposits widely distributed among the banks.
  e. more commercial banks, with deposits concentrated in a few large banks.

QUESTION 5

_____ is an example of an industrial cluster.
 a. International Trade Union Confederation
 b. International Workers Association
 c. International Transport Workers' Federation
  d. Silicon Valley software makers
 e. International Affiliation of Writers Guilds

QUESTION 6

The Sherman Antitrust Act makes cartels illegal in the United States.
 a. True
  b. False
  Indicate whether the statement is true or false