Which of the following is a long-term financial instrument?
A) a negotiable certificate of deposit
B) a repurchase agreement
C) a U.S. Treasury bond
D) a U.S. Treasury bill
C
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What are some of the potential obstacles that can lead to market failure by preventing a market from reaching the efficient outcome? Briefly define each obstacle
What will be an ideal response?
If the wealth effect of an increase in the real wage was greater than the substitution effect of an increase in the real wage
a. the labor supply curve would slope upward. b. the labor supply curve would slope downward. c. the labor supply curve would be vertical. d. the labor demand curve would solely determine the real wage.
The marginal cost of hiring the 7th worker is
a. $400 b. $1000 c. $200 d. $0
As a component of GDP, consumption expenditures refers to purchases by consumers of currently produced goods and services.
Answer the following statement true (T) or false (F)