An unenforceable contract is one that cannot be enforced because of certain legal defenses against it.
Answer the following statement true (T) or false (F)
True
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Why have economists abandoned the use of money-growth rules in the United States?
A. Because the Fed can no longer control the money supply B. Because the velocity growth rate has been too stable C. Because of instability in money demand D. Because money-growth rules are overly activist
Reducing the probability of bankruptcy is a benefit of diversification
Indicate whether the statement is true or false
The primary objective of Sarbanes-Oxley is to protect investors by
I. improving the accuracy of corporate disclosures. II. loosening the reins on how information is reported. III. improving the reliability of corporate disclosures. IV. holding executive officers liable for the accuracy of corporate financial statements. A) II only B) I, III, &IV C) I, II, & III D) I, II, & IV
Kyle Winston borrowed $4,00 . for 90 days. At the due date, he paid $75 interest and repaid all of the principal. What was the ordinary simple interest rate (360-day year) that was charged on the loan? (To nearest 1/10 of a percent.)