The person who withdraws money from a savings account and uses this money to buy government bonds at a higher return on investment is very likely guided by rational buying motives
Indicate whether the statement is true or false
TRUE
You might also like to view...
OPEC can be considered as a "cartel" which is a group of separate companies that collectively:
A) sets prices, controls output, or takes other actions to maximize profits. B) dictates how other countries should use their products. C) produces more products in order to beat the competition. D) conducts activities that are considered illegal in the United States. E) works on forming a union against management of other companies.
Exhibit 14-9 Hawk issued $200,000 of its ten-year 10% bonds for $224,924 on October 1, 2016. The effective rate on the bonds was 8% and interest is paid each October 1 and April 1. ? Refer to Exhibit 14-9. Assuming Hawk uses the effective interest method, the adjusting entry on December 31, 2016, would include
A) a credit to Premium on Bonds Payable for $502. B) a credit to Interest Payable for $4,498. C) a credit to Interest Payable for $5,000. D) a debit to Interest Expense for $5,498.
An independent hardware retail store 100 miles from the nearest city of more than 5,000 people but providing needed supplies for area ranchers would most likely buy its plumbing and electrical supplies through a ________
A) truck jobber B) commission merchant C) mail-order wholesaler D) rack jobber E) merchandise broker
Total asset turnover is used to evaluate:
A. The relation between asset cost and book value. B. The number of times operating assets were sold during the year. C. The efficient use of assets to generate sales. D. The necessity for asset replacement. E. The cash flows used to acquire assets.