Critique the following statement: Since there are over 7,100 commercial banks in the United States, banking is
Question:
Critique the following statement: Since there are over 7,100 commercial banks in the United States, banking is obviously a highly competitive industry.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
The statement Since there are over 7100 commercial banks in the United States banking is obviously a highly competitive industry makes an inference ab...View the full answer
Answered By
Rukhsar Ansari
I am professional Chartered accountant and hold Master degree in commerce. Number crunching is my favorite thing. I have teaching experience of various subjects both online and offline. I am online tutor on various online platform.
5.00+
4+ Reviews
17+ Question Solved
Related Book For
Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
Question Posted:
Students also viewed these Business questions
-
Subject : Strategic Management in a Global Environment Safaricom: Innovative Telecom Solutions to Empower Kenyans As the largest mobile provider in Kenya, Safaricom has touched the lives of Kenyans...
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Perform the indicated operations. (3x + 4x 7) (2x - 8x + 3x) -
-
Give recent examples of market penetration, market development, and product development.
-
Keith Whittingham, as manager of Designs by Whittingham, is upgrading his CAD software. The high-performance (HP) software rents for $3,000 per month per workstation. The standard-performance (SP)...
-
This case arose after Felix DeWeldon, a well-known sculptor and art collector, sold three paintings to Robert McKean in 1994. Felix DeWeldon declared bankruptcy in 1991. In 1992, DeWeldon, Ltd.,...
-
South Side Oil and Gas, a new venture in Texas, has developed an oil pipeline network to transport oil from exploration fields to the refinery and other locations. There are 10 pipelines (branches)...
-
8. A straight section of railroad track crosses two highways 400 m and 600 m from an intersection. Find the dimensions of the largest rectangular lot that can be laid out in the triangle formed by...
-
What is liquidity risk? Discuss ways in which banks deal with this risk. Does the development of nondeposit liabilities increase or decrease liquidity risk?
-
How did multibank holding companies get around the McFadden Act before the passage of the IBBEA? Defend the following statement: The IBBEA did nothing more than endorse what was happening in the...
-
Show the journal entries necessary to record the following items (narratives are not required). (a) Bought van on credit for 800 from P Gray (b) The owner withdraws goods from the business worth 75...
-
The perimeter of a rectangle is 22.8 cm, and its area is 30.53 cm. Find its length and width. length: cm width: cm
-
A mortgage of $110,000 is to be repaid by making payments of $1106 at the end of each month. If interest is 4.64% per annum compounded semi-annually, what is the term of the mortgage? State your...
-
How much will deposits of $40 made at the end of each month amount to after 9 years if interest is 7% compounded semi-annually? The deposits will amount to $ (Round the final answer to the nearest...
-
Given the following piecewise function, evaluate f (-10). Provide your answer below: f(x) = f -5x + 7 6x-3 x
-
You hold the positions in the table below. Price Shares Beta Advanced Micro Devices $8.00 303 4.92 FedEx Corp. $165.00 127 1.52 Microsoft $12.00 121 0.95 Sara Lee Corp. $19.00 239 0.99 If you expect...
-
1. If the current is 9.00 A in the primary coil in Problem 13, find the current in the secondary. 2. If the voltage in the secondary coil of a transformer is 110 V and the current in it is 15.0 A,...
-
Smiths Family Fashions implemented a balanced scorecard performance measurement system several years ago. Smiths is a locally owned clothing retailer with fashions for men, women, teens, and...
-
Ed is the beneficiary of a $20,000 insurance policy on the life of his mother. Because Ed needs funds, he sells the policy to his sister, Amy, for $6,000. Amy subsequently pays premiums of $9,000. a....
-
Sue is age 73 and has a great deal of difficulty living independently as she suffers from severe rheumatoid arthritis. She is covered by a $400,000 life insurance policy, and her children are named...
-
Hank carries a $100,000 insurance policy on his life. Premiums paid over the years total $8,000. Dividends on the policy have totaled $6,000. Hank has left the dividends on the policy with the...
-
Given a file where each line is a single (32-bit) positive integer, read in the lines of the file one at a time; output the sum modulo 240223 of every vth line starting from the last line, until...
-
You are performing a simulation to investigate the probability that a basketball player will make free throws during a game. The information that you have to help create your simulation, is that this...
-
Suppose a firm will invest $ 5 0 0 today, $ 6 0 0 a year from now, $ 7 0 0 two years from now, $ 8 0 0 three years from now, and $ 9 0 0 four years from now. What will the future value of the project...
Study smarter with the SolutionInn App