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How has the merger activity in the past decade affected the concentration of assets in the banking industry?
A: Over the last decade, the number of commercial banks declined by twenty-one percent and the average asset size more than doubled as banks acclimated themselves to deregulation, technological change, and new market pressures. Currently, the fifty largest bank holding companies hold approximately 84 percent of all commercial bank assets compared to 55 percent in 1990.
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Baobab rolling mills owns a lathe machine which was purchased 10years ago at sh. 75 million. The machine had an expected life of 15 yrs at the time it was purchased, and management
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Kristina started setting aside funds three years ago to save for a down payment on a house. She has saved $900 each quarter and earned an average rate of return of 4.8 percent. How
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