The highest grade on a corporate bond is
A. AAA.
B. Corporate Ace.
C. Prime Plus.
D. No-Risk-Stellar.
Answer: A
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The marginal propensity to consume (mpc) is the:
A. percentage by which disposable income increases when consumption increases by 1 percent. B. amount by which disposable income increases when consumption increases by $1. C. percentage by which consumption increases when disposable income increases by 1 percent. D. amount by which consumption increases when disposable income increases by $1.
Refer to Figure 4.6, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, if the market quantity supplied is 50, the price must be
A) $0. B) $10. C) between $10 and $20. D) $30.
If a country had a trade deficit of $10 billion and then its exports rose by $20 billion and its imports rose by $10 billion, its net exports would now be
a. $0 b. $10 billion. c. -$10 billion. d. -$20 billion.
If short-run equilibrium GDP is above potential GDP, prices will eventually rise.
Answer the following statement true (T) or false (F)