A syndicate is
A) a group of brokers illegally making use of insider information.
B) a group of commercial banks that agrees to accept the checks of each other's depositors.
C) a group of investment banks underwriting a large security issue.
D) a group of dealers that markets a government bond issue.
C
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Which of the following describes the growth in real GDP per person in the United States from 1900 to the present?
A) It has doubled. B) It has decreased. C) It has increased by more than eight times. D) It has increased twenty times.
When real consumption expenditure is plotted against real disposable income the resulting relationship is
a. very weak. b. positive and very curvi-linear. c. positive and very close to linear. d. negative and very close to linear. e. virtually flat.
If the demand for bus transportation in a city is inelastic, then the city should lower the price to increase revenue
Indicate whether the statement is true or false
Congestion taxes tend to cause an increase in traffic volume during rush hours.
Answer the following statement true (T) or false (F)