Rank the Following from Greatest to Smallest in Terms of Industry

question 26

Multiple Choice

Rank the following from greatest to smallest in terms of industry asset size in 2016.
I. Banks
II. Savings institutions
III. Credit unions
IV. Finance companies

• A)IV,I,II,III
• B)I,IV,III,II
• C)I,II,IV,III
• D)I,II,III,IV
• E)II,IV,III,I

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Definitions:

Mutual Interdependence

A situation in which a change in price strategy (or in some other strategy) by one firm will affect the sales and profits of another firm (or other firms). Any firm that makes such a change can expect its rivals to react to the change.

Price Competition

A market strategy where companies reduce prices to attract consumers, often leading to a race to the bottom.

Dominant Strategy

In a strategic interaction (game) between two or more players, a course of action (strategy) that a player will wish to undertake no matter what the other players choose to do.

Formal Agreements

Legally binding contracts or treaties between parties that outline specific obligations and rights.