Which of the following statements is correct?
a. Stocks, bonds, and deposits are all similar in that each provides a common medium of exchange.
b. Most buyers of stocks and bonds prefer those issued by large and familiar companies.
c. Banks charge borrowers a slightly lower interest rate than they pay to depositors.
d. None of the above is correct.
b
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We could increase the production of both heart transplants and round-the-world trips if we moved to point T from point
A. P.
B. Q.
C. R.
D. S.
A firm that conducts business all over the world is called a(n)
A. multinational corporation. B. international conglomerate. C. competitive corporation. D. government-owned business.
In long-run equilibrium, a perfectly competitive firm will operate where price is
A. equal to MR, MC, and the minimum ATC. B. greater than MC and the minimum ATC, but equal to MR. C. greater than MR but equal to MC and the minimum ATC. D. greater than MR and MC, but equal to the minimum ATC.
A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. The monopoly's profit maximizing output is
A) 5. B) 10. C) 15. D) 20.