What is a trade credit?
a. A credit card purchase
b. A government loan for exporters
c. The extension of a period of time before which an importer must pay for goods and services purchased
d. An IMF loan to meet trade deficit and liabilities for hard currencies
e. The time it takes for franchisees to pay for the products they obtain from the main franchiser
c
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When government action leads to inefficiency, it is known as
A) government failure. B) government as usual. C) lack of government trust. D) politics.
If the Fed sells securities to commercial banks, there is no money multiplier effect
Indicate whether the statement is true or false
To determine what a buyer would be willing to pay for a given bond, you must first ________________ by combining its face value, interest rate, maturity date, and market interest rates.
a. calculate its certificate of deposit b. ensure it is a high-yield bond c. determine the bond’s coupon rate d. compute the bond’s present value
What is the most likely explanation for how the percentages are allocated to each category of the CPI?
a. They reflect the proportion of income the average American spends on that category.
b. They reflect the relative vulnerability of each category to inflation.
c. They reflect the relative expensiveness of the items in each category.
d. They reflect the proportion needed to keep the rate of inflation stable from year to
year.