In 2013, the top 3% of wealth holders owned ________ of the nation's wealth.
A. 25.5%
B. 54.5%
C. 75.3%
D. 92.9%
Answer: B
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What was particularly significant about the failure of the Bank of New England in 1991?
A) It was the FDIC's first use of the purchase and assumption method. B) It fell under the FDIC's "too big to fail" policy. C) The FDIC had to delay bank liquidation due to lack of funds. D) The FDIC began its policy of insuring checkable deposits fully.
Sometimes spreading has an advantage over hedging to lower risk because:
A. spreading increases expected returns, hedging does not. B. it is cheaper to spread than hedge. C. spreading does not affect expected returns. D. it can be difficult to find assets that move predictably in opposite directions.
Assuming competitive markets with typical supply and demand curves, which of the following statements is correct?
A. An increase in supply with no change in demand will result in an increase in price. B. An increase in supply with no change in demand will result in a decline in sales. C. An increase in demand with no change in supply will result in an increase in sales. D. An increase in supply with a decrease in demand will result in an increase in price.
The fact that many corporations use debt financing as well as equity financing creates all of the following except:
A. consistently lower debt-to-equity ratios. B. greater risk for the stockholders. C. the opportunity for a greater expected return for the stockholders. D. leverage for the stockholders.