Which of the following is NOT a financial institution?
A) a life insurance company
B) a pension fund
C) a credit union
D) a business college
D
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In an open economy, the relationship between GDP (Y) and expenditures is Y = C + I + G
Indicate whether the statement is true or false
Everything else held constant, if the expected return on RST stock declines from 12 to 9 percent and the expected return on XYZ stock declines from 8 to 7 percent, then the expected return of holding RST stock ________ relative to XYZ stock and
demand for XYZ stock ________. A) rises; rises B) rises; falls C) falls; rises D) falls; falls
Real income is the purchasing power of nominal (money) income
a. True b. False Indicate whether the statement is true or false
Which of the following is true about the demand curve for a monopolistically competitive firm??
A. ?It is less elastic (steeper) than for monopoly, but more elastic (flatter) than for a perfectly competitive firm. B. ?It is less elastic (steeper) than the demand curve for either a monopoly firm or a perfectly competitive firm. C. ?It is more elastic (flatter) than the demand curves for either a monopoly firm or a perfectly competitive firm. D. ?It is less elastic (steeper) than for a perfectly competitive firm, but more elastic (flatter) than for a monopoly firm.