Mary purchases a U.S. Treasury bond; the bond is a(n):

A. asset of the U.S. government as well as an asset for Mary.
B. asset for the government but a liability for Mary.
C. asset for Mary but not a liability of the U.S. Government.
D. liability of the U.S. government and an asset for Mary.


Answer: D

Economics

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Economics

Under the expectations hypothesis, bonds of different maturities are assumed to be perfect substitutes because:

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Economics

According to David Ricardo's explanation of land rent, what happens when the demand for land increases?

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Economics