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Author Question: The main source of profit for financial institutions is: a. their ownership of stocks in commercial ... (Read 56 times)

bobbysung

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on: Jun 30, 2018
The main source of profit for financial institutions is:
 a. their ownership of stocks in commercial corporations.
 b. their ownership of real assets received in foreclosures on loans to households.
 c. the fees charged for holding and servicing checking accounts.
 d. the difference between interest paid on deposits and interest received on loans.
 e. the difference between the cost of creating new money and the interest paid on loans.

Question 2

Which of the following is not included in the rules of the game?
 a. The laws, customs, conventions, and other institutional elements associated with trade
  b. Property rights
 c. Ensuring that the market process generates a fair price for all
 d. A stable political environment
 e. A stable legal system


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cpetit11

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


bobbysung

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Reply #2 on: Jun 30, 2018
Thank you


cpetit11

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Reply #3 on: Jun 30, 2018
No problemo


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