The Clayton Act allowed board members of one corporation to sit on the board of a competing firm as long as inside information was not transmitted
a. True
b. False
Indicate whether the statement is true or false
False
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A _________ card is not considered money but rather a short-term loan.
a. smart b. debit c. credit d. money
Which of the following is an accurate definition of a market?
a. a specific place where stocks are bought and sold b. a specific place where companies exchange goods c. a process of buyers and sellers exchanging goods and services d. a process of companies setting their preferred price
Which of the following statements would a Classical economist of the 1930s most likely disagree with?
A. In the short-run the economy might experience some problems. B. Unions do not impede wage and price adjustment. C. The market, left to its own devices, is self-adjusting. D. Wages and prices will adjust to eliminate unemployment.
Net interest income for a bank is:
A. the difference between interest income and total expenses. B. the difference between gross income and net income after taxes. C. the difference between interest income and interest expense. D. the interest banks earn from uses of funds.