A bond is
A) a claim on the assets of a corporation such that the purchaser has an ownership right in the corporation.
B) anything of value to which the firm has a legal claim.
C) a means of assuring that the business firm will pay its debts or fulfill other legal obligations.
D) a promise to pay for the use of someone else's money.
D
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If a policy change by the Fed is ________, then the change in policy has exactly the same result on the economy as it does when we assume that households and firms have adaptive expectations
A) unannounced or not credible B) unannounced or credible C) announced or credible D) announced or not credible
Which of the following areas employed more workers in 2013?
a. educational and health services b. business and professional services c. retail trade d. manufacturing companies
Price elasticity of demand depends on all of the following except:
A. the amount of time a consumer has to adjust to price changes. B. the sensitivity of firms' output to changes in the product's price. C. the consumer's income. D. the availability and closeness of substitutes.
Recall the Application about how having car insurance affects driving behavior to answer the following question(s).Recall the Application. When a state makes car insurance compulsory, decreasing the number of uninsured drivers, roads tend to become less hazardous.
Answer the following statement true (T) or false (F)