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valputin valputin
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Posts: 5754
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8 years ago
The presence of so many commercial banks in the United States is most likely the result of
A) consumers' preference for state banks.
B) prior regulations that restricted the ability of these financial institutions to open branches.
C) consumers' strong desire for dealing with only local banks.
D) adverse selection and moral hazard problems that give local banks a competitive advantage over larger banks.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
Read 143 times
2 Replies
Our course uses > The Economics of Money, Banking and Financial Markets

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Replies
wrote...
8 years ago
B
valputin Author
wrote...
8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
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