Morgan, a financial advisor, has told her clients the following things. Which of her statements is not correct?
a. "U.S. government bonds generally pay a higher rate of interest than corporate bonds."
b. "The interest received on corporate bonds is taxable."
c. "U.S. government bonds have the lowest default risk."
d. "If you purchase a municipal bond, you can sell it before it matures."
a
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In the definition of GDP, "market value" refers to
A) valuing production in production units. B) not counting intermediate products. C) valuing production according to the market price. D) when the production took place.
If all the return to a resource is economic rent, we know that
A) the price of the resource is below its opportunity cost. B) the price of the resource equals its opportunity cost. C) the price of the resource is above its opportunity cost. D) the resource has no opportunity cost.
A kinked demand curve is based on the actions of an oligopolist to follow a price increase but not a price reduction
a. True b. False Indicate whether the statement is true or false
Vaccinations convey ________ to third parties.
A. economies of scale B. negative externalities C. public goods D. positive externalities