The bottom 80 percent of the families in the United States receive approximately ________ percent of total income.
A. 90
B. 20
C. 50
D. 10
Answer: C
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In September 2008, the Reserve Primary Fund, a money market mutual fund, found itself in the situation know as "breaking the buck." This means that
A) they could no longer afford to redeem shares at the par value of $1. B) they required shareholders to contribute a dollar more in fees each month. C) shareholders were able to redeem shares for more than a $1. D) shares earned more than a dollar in interest.
Which of the following is most likely to be private property?
A) bees B) house flies C) farm raised chickens D) winds
On average, your firm receives 62 checks a day from customers. These checks, on average, are worth GHS 39.90 each and clear the bank in 1.5 days. In addition, your firm disburses 38 checks a day with an average amount of GHS 89.50. These checks clear your bank in 2 days. What is the average amount of the collection float?
A) $2,473.80 B) $3,401.00 C) $3,710.70 D) $5,101.50 E) $6,802.00
When firms discuss pricing strategies with each other:
A. it is a violation of antitrust laws. B. it is not a violation of antitrust laws because laws cannot restrict free speech. C. it is a violation of antitrust laws only if the discussion includes punishment strategies. D. it is a violation of antitrust laws only if some firms in the industry are excluded from the discussion.