The money market includes transactions in short-term financial instruments
Indicate whether the statement is true or false
TRUE
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At an auction for the first time, Max bids on an object, believing that it is worth more than the price asked. When the item proves to be less valuable, Max is
A. liable on the bid. B. not liable on the bid because Max misestimated the value. C. not liable on the bid because the auctioneer misstated the value. D. not liable on the bid because the object was probably overpriced.
The result of the decision from the Supreme Court's Chicago Teachers Union and Beck decisions has been that:
a. unions no longer spend agency fees on political activities b. unions generally ignore the rulings and they are hard to enforce c. non-union members no longer have to pay agency fees d. Congress repealed the Taft-Hartley Act e. none of the other choices
In a present value or future value table, the length of one time period may be interpreted as one year, one month, or any other length of time.
Answer the following statement true (T) or false (F)
Pria was upset when she heard that another nail salon was opening down the street from hers. She recently took out a loan to upgrade the salon's furniture and lighting. Pria is responding to what kinds of forces in the business environment?
A) social B) global C) competitive D) technological E) economic