Which of the following takes place in the direct finance market?
A) Savers make funds available to borrowers by making deposits to savings accounts.
B) Borrowers take out loans from banks.
C) Loans to corporations are made from the sale of corporate bonds.
D) Firms borrow funds from their retained earnings.
C
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When the average total cost is at its minimum, it is:
a. equal to average variable cost. b. greater than marginal cost. c. equal to average fixed cost. d. equal to marginal cost. e. less than marginal cost.
The World Bank was formed in
A. 1960. B. 1919. C. 1945. D. 1980.
Which of the following is NOT a characteristic of oligopoly firms?
A) strategic dependence B) product differentiation C) non-price competition, such as advertising and promotions D) perfectly elastic demand curves
QN=63 (17777) Def01 stands for GDP deflator in year 1. Def02 stands for GDP deflator in year 2. The inflation rate in year 2 equals
a. 100*(Def02-Def01)/Def01. b. 100*(Def02-Def01)/Def02. c. 100*(Def01-Def02)/Def01. d. 100*(Def01-Def02)/Def02.