A financial instrument would include:

A. only a written obligation and a specified date.
B. only a written obligation and a transfer of value.
C. a written obligation, a transfer of value, a specific date for payment, uncertain conditions.
D. a written obligation, a transfer of value, a future date, and certain conditions.


Answer: D

Economics

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If consumption in the United States was 68 percent of GDP, investment was 19 percent, government purchases were 13 percent, exports were 14 percent, and imports were 14 percent, net exports were equal to ____ percent of GDP

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The Coase theorem holds well in situations where information and transaction costs are substantial

a. True b. False Indicate whether the statement is true or false

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