Steve holds 100 shares of a company that currently trade at $10 . There is a 50 percent probability of the market price increasing to $15 within the next quarter. If Steve waits for the market price of shares to increase before selling them off, he would be considered risk averse
Indicate whether the statement is true or false
F
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Each of the following took place in the latter half of the 1990s except
A. a declining federal budget deficit. B. a declining unemployment rate. C. the spread of computerization. D. a rising rate of inflation.
When a bank makes a loan by crediting the borrower's checking account balance with an amount equal to the loan:
A. the bank gains new reserves. B. the Fed has made an open-market purchase. C. money is created. D. the bank immediately loses reserves.
The agreement between the U.S., the Dominican Republic and five small Central American countries that will eventually eliminate tariffs among all seven nations is called
A. NAFTA. B. CAFTA. C. Mercosur. D. GATT.
If a city, like Denver, that is quite far from the nearest other urban area were to add a casino, the "local substitution" argument would suggest that there would be
A. a significant economic downside. B. a moderate economic upside. C. a moderate economic downside. D. a significant economic upside.