Credit Suisse, Goldman Sachs, and Lazard Freres are examples of
A) commercial banks.
B) corporations.
C) non-bank financial institutions, such as insurance companies, pension funds, and mutual funds. This includes investment banks, which specialize in underwriting sales of stocks and bonds by corporations and in some cases governments.
D) central banks and other government agencies.
E) non-profit organizations.
Question 2
China's economy did not decline at all during its transition from communism to capitalism.
Indicate whether the statement is true or false
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