Which of the Following Statements Is True of Banks

question 65

Multiple Choice

Which of the following statements is true of banks?

• A)Small banks do not face the same competitive pressure as large banks do.
• B)Location of banks does not determine the level of competition among them.
• C)Bank spreads are large for large banks.
• D)Returns on equity are large for small banks.

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Definitions:

National Workshops

were government-funded job programs in France during the 1848 Revolution, intended to provide work for the unemployed but were ultimately unsuccessful.

Unemployed

The state of not having paid employment but being available to work.

Revolutionary Clubs

Informal political groups that emerged during revolutions, especially in France, providing a platform for political discussion and action among the common people.

Frankfurt Parliament

An unofficial national assembly convened in 1848 at St. Paul's Church in Frankfurt am Main, aimed at unifying the German states into a single nation.