Author Question: A conglomerate occurs when: a. the products of the merging firms were not related in any manner ... (Read 83 times)

anjilletteb · **on:** Jun 30, 2018

A conglomerate occurs when:
a. the products of the merging firms were not related in any manner before the merger
b. one firm is a producer of products, and the other firm is a producer of services
c. one firm is a domestic firm, and the other is a foreign company
d. the firms stood in a buyer-seller relationship before the merger
e. the merger partners were competitors

Question 2

Each member of the Board of Governors of the Fed:
a. is from the minority of the FOMC.
b. can have twelve presidential appointments.
c. is authorized to set reserve requirements by the Bank Acts of 1933 and 1935.
d. serves one nonrenewable term.
e. is elected by the member banks which own the Federal Reserve.