A deal between Lou and Mike requires a transfer of stolen body building equipment for counterfeit currency that Mike will attempt to spend at Now! Discount Mart. This contract is

A. enforceable.
B. void.
C. voidable at the option of Lou or Mike.
D. voidable at the option of Now!


Answer: B

Business

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If bonds are issued at a discount, it means that the

a. bondholder will receive effectively less interest than the contractual rate of interest b. market interest rate is lower than the contractual interest rate c. market interest rate is higher than the contractual interest rate d. financial strength of the issuer is suspect

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In a _________ currency arrangement strategy, a currency is readjusted periodically at a fixed, preannounced rate or in response to changes in indicators.

Fill in the blank(s) with the appropriate word(s).

Business

"What is the break-even point?" is what type of product screening issue?

a. Product b. Competition c. Financials d. "What is the break-even point?" is not a product screening issue

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For any set of numerical data values arranged in an ascending or descending order, the value of the observation in the center is called the weighted mean

Indicate whether the statement is true or false

Business