A major advantage to owners of convertible stock over preferred stock is that they are the first claimants to the corporation's dividends
Indicate whether the statement is true or false
T
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Producers' total revenue will increase if
A) income increases and the good is an inferior good. B) the price rises and demand is elastic. C) the price rises and demand is inelastic. D) income falls and the good is a normal good.
Efficient allocation of resources makes everyone better off
a. True b. False Indicate whether the statement is true or false
Internal ownership of the national debt occurs when U.S. Treasury bonds are purchased by all of the following except
A. Foreign countries that we trade with. B. The Federal Reserve System. C. Individual U.S. citizens. D. State banks.
Which of the following is not an accurate statement about money market accounts?
(A) They pay a higher rate of interest than savings accounts. (B) They can be used for writing checks. (C) They offer a fixed interest rate. (D) They can be used for saving.