Evaluate the following statement: The United States has more than 5,000 banks, while Canada has only a

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Evaluate the following statement:
The United States has more than 5,000 banks, while Canada has only a few. Therefore, the U.S. banking industry must be more competitive than the Canadian banking industry.

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Jan 03, 2019 10:18 AM

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Evaluate the following statement: The United States has more than 5,000 banks, while Canada has only a

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The statement is misleading because state government restrictions on the number of branches a bank c...View the full answer

Money, Banking, and the Financial System

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