n the late 1800s "wildcat banks," which were easy to charter and largely unregulated, sprang up across the American West Some new banks chose to operate out of simple and inexpensive wooden structures, but others built elaborate buildings out tone, with lots of gilding and other adornments. a. Why might the variety of building types that sprung up be attributed, at least partly, to the potential for moral hazard? Expending resources constructing beautiful buildings demonstrates that a bank intends to remain in business for a lo time and will not leave after receiving clients' deposits. The elaborate architecture suggests deep pockets on the part of the bank's owners, and thus a capacity to honor all withdrawal requests, even if there were a run on the bank. Well-designed buildings show a refined aesthetic sensibility on the part of a bank's owners and thus a high level of

n the late 1800s "wildcat banks," which were easy to charter and largely unregulated, sprang up across the American West Some new banks chose to operate out of simple and inexpensive wooden structures, but others built elaborate buildings out tone, with lots of gilding and other adornments. a. Why might the variety of building types that sprung up be attributed, at least partly, to the potential for moral hazard? Expending resources constructing beautiful buildings demonstrates that a bank intends to remain in business for a lo time and will not leave after receiving clients' deposits. The elaborate architecture suggests deep pockets on the part of the bank's owners, and thus a capacity to honor all withdrawal requests, even if there were a run on the bank. Well-designed buildings show a refined aesthetic sensibility on the part of a bank's owners and thus a high level of

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The following are the P/E ratios (price of stock divided by projected earnings per share) for 20 banks. 50, 19, 22, 21, 25, 18, 31, 21, 19, 14, 15, 18, 17, 34, 29, 23, 14, 18, 22, 22 Send data to calculator Find 20" and 75" percentiles for these ratios. (a) The 20th percentile: (b) The 75th percentile:| Continue Cip 40 4- %23 %24 3. 6. 7. R. 00 %24
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