Thrift Institutions Importance as a Source of Funds for Borrowers

question 19

Multiple Choice

Thrift institutions importance as a source of funds for borrowers

• A)has shrunk from around 40 percent of total credit advanced in the late 1970s to below 30 percent by 2014.
• B)has shrunk from over 20 percent of total credit advanced in the late 1970s to around 3 percent by 2014.
• C)has expanded dramatically,from around 15 percent of total credit advanced in the late 1970s to above 25 percent by 2014.
• D)has expanded dramatically,from around 15 percent of total credit advanced in the late 1970s to above 30 percent by 2014.

---

Definitions:

Total Revenues

The total income generated by a firm from its sales activity, calculated by multiplying the selling price by the quantity sold.

Nonprice Competition

Strategies employed by companies to differentiate their products or services from those of competitors, other than through lowering prices, such as marketing and product quality improvements.

Perfectly Elastic

Describes a market scenario in which the quantity demanded or supplied changes infinitely in response to any change in price.

Average Variable Costs

The total variable cost divided by the quantity of output produced, reflecting the variable cost per unit.