Even when a naïve purchaser relies on an opinion from an expert, the innocent party is not entitled to rescission or reformation of a contract
Indicate whether the statement is true or false
False
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Suppose the Fed has set the federal funds rate at 4.5 percent using the Taylor rule. If the inflation rate increases by 1 percentage point and the weight on inflation gap is 0.5, all other variables remain unchanged, the federal funds rate should
A. decrease to 3.5 percent. B. decrease to 4 percent. C. increase to 5.5 percent. D. increase to 5 percent.
When a company uses computer software to extract large amounts of data from social media platforms, it is using ________
A) data warehousing B) scanner data C) intelligent agents D) web scraping E) reality mining
A certificate of deposit represents:
A. a promissory note of payment by a bank that borrows reserves from another bank. B. a deposit in a checking account in a bank. C. a promissory note of payment by the issuing institution to the investor. D. a time deposit of a state government with the federal government. E. a time deposit at a bank or other financial intermediary.
Which of the following is NOT an attribute of grit?
a. impatience b. resilience c. excellence d. courage