Which of the Following Statement Is NOT Correct in Describing

question 11

Multiple Choice

Which of the following statement is NOT correct in describing the development of the U.S. banking industry between 1980's to 2010's:

• A) there are less banks but more branches
• B) there are many community banks but a few very large banks
• C) bank holding companies dominate the major market share
• D) small banks in general engage more hedging activities than the large banks
• E) large banks' major funding sources are non-depository funds

---

Definitions:

Geographic Immobility

A situation where individuals or factors of production are unable to move freely from one location to another, often leading to inefficiencies in labor markets.

Noncompeting Groups

Collections of workers who do not compete with each other for employment because the skill and training of the workers in one group are substantially different from those of the workers in other groups.

Collective Bargaining

The negotiation of labor contracts between labor unions and firms or government entities.

Lockout

A negotiating tactic in which a firm forbids its unionized workers to return to work until a new collective bargaining agreement is signed; a means of imposing costs (lost wages) on union workers.