In Comparing the U

question 11

Multiple Choice

In comparing the U.S.and Canadian banking systems,on an average per capita basis,Canada has

• A) fewer banks, but each bank has more branches.
• B) more banks and each bank has more branches.
• C) more banks, but each bank has fewer branches.
• D) fewer banks and each bank has fewer branches.
• E) fewer and smaller banks.

---

Definitions:

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and more.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in no shortage or surplus.

Equilibrium Quantity

The quantity of goods or services sold and bought at the equilibrium price, where market supply equals market demand.

Demand Rises

A situation where the quantity of a good or service that consumers are willing and able to buy increases.