Suppose There Are Four Banks in a Local Community

question 62

Multiple Choice

Suppose there are four banks in a local community.Each of these banks has 25 percent of the deposits in this community.What is the Herfindahl-Hirschman Index (HHI) for this community?

• A)10,000
• B)100
• C)2,500
• D)625
• E)None of the options is correct

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