You are putting together a portfolio of assets. The four most important characteristics of the assets you will choose are expected return, time to maturity,
A) risk, and liquidity.
B) risk, and collateral
C) risk, and reward.
D) liquidity, and standard issue size.
A
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The price for a unit of labor is the wage rate. What happens to the quantity of labor demanded if the wage rate increases?
A. It increases. B. It decreases. C. It does not change. D. The outcome depends upon the supply of the good.
In the late-19th century, farmers blamed their problems on a number of factors. Which of these complaints is supported (somewhat) by quantitative evidence gathered by economic historians?
a. Eastern bankers conspired to inflate interest rates on western farm mortgages. b. Manufacturers charged unreasonably high prices for farm equipment. c. Consumer goods prices were rising too rapidly. d. Certain sections of railroad were monopolized, resulting in unreasonably high freight rates.
Monopolistic competition is characterized by: a. homogeneous products
b. barriers to entry. c. firms earning economic profits in the long run. d. differentiated products.
At the utility maximizing choice, the marginal utility of a hamburger is 50 utils, while the marginal utility of French fries is 25 utils. If the price of French-fries $5, the price of a hamburger is _____
a. $10 b. $5 c. $4 d. $2.50