A bond is a financial security that represents
A) ownership in a corporation.
B) the portion of profits paid to shareholders.
C) the interest rate paid on a share of stock.
D) a promise to repay a fixed amount of funds.
Answer: D
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Painters who paint water towers earn higher wages relative to painters who paint houses because
A) painting water towers is more risky than painting houses. B) the tower painters' union is probably more powerful than the house painters' union. C) the demand for tower painters is greater than the demand for residential painters. D) the supply of water tower painters exceeds the supply of house painters.
Those who have more faith in self-correcting forces of the economy subscribe to the passive approach of economy
Indicate whether the statement is true or false
When the nominal exchange rate in terms of dollars per yen rises,
A. the dollar buys fewer yen and the dollar has depreciated. B. the dollar buys more yen and the dollar has appreciated. C. the dollar buys more yen and the dollar has depreciated. D. the dollar buys fewer yen and the dollar has appreciated.
What component of GDP (if any) will each of the following transactions affect? Explain.
a. Uncle Henry buys a new refrigerator from a domestic manufacturer. b. Aunt Jane buys a new house from a local builder. c. The Jackson family buys an old Victorian house from the Walker family. d. You pay a hairdresser for a haircut. e. Ford sells a Mustang from its inventory to the Martinez family. f. Ford manufactures a Focus and sells it to Avis, the car rental company. g. California hires workers to repave Highway 101. h. The federal government sends your grandmother a Social Security check. i. Your parents buy a bottle of French wine. j. Honda expands its factory in Ohio.