(I) In most years, the rate of return on short-term Treasury bills is below that on the 20-year Treasury bond
(II) Interest rates on Treasury bills are more volatile than rates on long-term Treasury securities.
A) (I) is true, (II) false.
B) (I) is false, (II) true.
C) Both are true.
D) Both are false.
C
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The components of the risk of misstatement are: Inherent RiskControl RiskDetection RiskA.YesYesYesB.YesYesNoC.YesNoNoDNoYesYes
A. Option A B. Option B C. Option C D. Option D
Which of the following is true for franchisors?
A) The franchisor has to pay the franchisee to be part of the franchise system. B) The franchisor licenses the trade mark from the franchisee. C) The franchisor must change its operations to suit those of the franchisee's. D) The franchisor collects royalty payments from the franchisee. E) The franchisor pays start-up costs for the franchisee.
During the early years of a balloon mortgage loan, the lender applies
A) most of the monthly payment to the outstanding principal balance. B) all of the monthly payment to the outstanding principal balance. C) most of the monthly payment to interest on the loan. D) all of the monthly payment to interest on the loan. E) the monthly payment equally to interest on the loan and the outstanding principal balance.
Which of the following is NOT a reason why a service firm may avoid a customer relationship with a particular customer?
A. Customer is difficult B. Customer is not divisible C. Customer is not always right D. Customer is in the wrong segment E. Customer is not profitable in the long run