Suppose you own $15,000 of personal property, $5,000 of stock in ABC Corporation, a $1,000 certificate of deposit, and $10,000 of government bonds. If ABC goes bankrupt, the most you could lose is
A) $31,000.
B) $26,000.
C) $15,000.
D) $5,000.
D
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The market-clearing curve for substitutes is:
A. horizontal. B. downward-sloping. C. vertical. D. upward-sloping.
To mobilize resources in WWII, the United States relied on:
a. borrowing. b. taxes. c. creating money. d. All of the above are correct.
Under competitive conditions, the relative price of a finite resource would be expected to:
a. rise at an increasing rate. b. rise at a rate equal to the real interest rate. c. rise at a rate equal to the nominal interest rate. d. rise at a rate determined by demand conditions.
The demand for money in an economy is high when the: a. real GDP is low
b. personal tax rate is low. c. unemployment rate is high. d. price level is high. e. interest rate is high.