When the Dutch East India Company was founded in 1602, it raised financial capital by issuing notes of indebtedness called
A) stocks.
B) bonds.
C) funds.
D) notes.
B
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Jay and Joyce meet George, the banker, to work out the details of a mortgage. They all expect that inflation will be 2 percent over the term of the loan, and they agree on a nominal interest rate of 6 percent. As it turns out, the inflation rate is 5 percent over the term of the loan
a. What was the expected real interest rate? b. What was the actual real interest rate? c. Who benefited and who lost because of the unexpected inflation?
Which is regarded as an automatic stabilizer in the economy?
A. Exchange rates B. Interest rates C. The inflation rate D. The progressive income tax
The impact of an increase in the gasoline tax on sales of electric vehicles is
A. not an economic issue, but rather a political issue. B. a macroeconomics topic because it deals with taxes. C. a microeconomics topic because it deals with one industry. D. a normative issue and so it is not an economic topic.
A professor wants to convince his department that he would like to develop and teach a course titled, "Sex and Violence." The best way to gain the support of the department is to:
A. say that it will attract more students to the department. B. say that it will add to the rubric of knowledge. C. say that it is aligned with the university's student welfare policy. D. say that it will add to the diversity in the campus.