A Multi Bank Holding Company

question 27

Multiple Choice

A multi bank holding company

• A)owns more than one bank.
• B)owns one bank and several foreign bank offices.
• C)owns several firms not related to banking and one bank.
• D)None of the above is true.

---

Definitions:

Laissez-faire

Laissez-faire is an economic philosophy advocating minimal government intervention in the business affairs of private individuals and enterprises.

Command Economies

Economic systems where the government or central authority controls all major aspects of production and distribution of goods and services.

North Korea

An East Asian country officially known as the Democratic People's Republic of Korea, noted for its centralized economy and autocratic government.

Specialization

The use of the resources of an individual, a firm, a region, or a nation to concentrate production on one or a small number of goods and services.