The 1997 Kyoto Protocol was signed by
A) only the United States and the European Union.
B) only nations in Asia.
C) more than three dozen nations.
D) all nations in the world.
Answer: C
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For which of the following is the law of one price least likely to hold?
A) Haircuts B) Gold C) US Treasury Bonds D) Petroleum
The unit of account function of money refers to the
A) fact that money and income are the same thing. B) common denominator of measurement provided by money. C) characteristic that all money is intrinsically valuable. D) all of the above
The word "efficient" in the term "efficient markets hypothesis" refers to the idea that
a. fundamental analysis is an efficient way to go about choosing which stocks to buy or sell. b. stock prices move upward and downward "efficiently," rather than following a "random walk.". c. the stock market is "informationally efficient.". d. companies employ officers and managers who are well-qualified to perform their jobs.
How much money would you have to put into a savings account today to be worth $500 three years from now at a market rate of interest equal to 8 percent?
A) $397 B) $351 C) $420 D) $459