When Patricia sells her General Motors common stock at the same time that Brian purchases the same amount of General Motors stock from another party, General Motors receives
A) the dollar value of the transaction.
B) only the par value of the common stock.
C) nothing.
D) the dollar amount of the transaction, less brokerage fees.
C
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How are the current account and the financial account related?
What will be an ideal response?
In an economy without government or a foreign sector the equilibrium level of output occurs when
A) actual saving equals actual investment. B) actual saving equals desired investment. C) desired saving equals desired investment. D) desired saving equals actual investment.
Rightward AS shifts will cause
A. Leftward Phillips curve shifts. B. Rightward Phillips curve shifts. C. Movements down and to the right along the existing Phillips curve. D. Movements up and to the left along the existing Phillips curve.
Compute the marginal revenue when the price elasticity of demand is ?0.25.
A. ?0.33P, meaning that marginal revenue is negative and one-third of the price. B. 3P, meaning marginal revenue is positive and 3 times greater than price. C. ?3P, meaning marginal revenue is negative and 3 times greater than price. D. ?0.25P, meaning that marginal revenue is negative and one-fourth of the price.