As of 2013, the 12 largest US banks controlled what share of all banking assets?
A19 per cent
B39 per cent
C99 per cent
D69 per cent
Answer & Solution
Correct answer: D. 69 per cent
1. They were only 0.2 per cent of banks.
2. They held 69 per cent of assets.
3. Bank numbers fell after 2008.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 13, Money and Banking (CC BY 4.0)._
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