China Is Trying to Move Its Banking System from Being

question 76

Multiple Choice

China is trying to move its banking system from being strictly ________ owned by having them issue shares overseas.

• A)state
• B)domestic investor
• C)depositor
• D)domestic corporate

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Definitions:

Nonexcludable

A characteristic of a good where it is impossible, or highly costly, to prevent someone from using the good once it has been provided.

Marginal Private Benefits

The additional benefit received by consumers from consuming one more unit of a good or service.

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service.

Public Good

A product or service that is available for all to consume, regardless of who pays and who doesn't, characterized by non-excludability and non-rivalry.