Which of the following statements is correct?
A. Neither stocks nor bonds are financial assets.
B. Bonds are financial assets but stocks are not.
C. Stocks are financial assets but bonds are not.
D. Both stocks and bonds are financial assets.
Answer: D
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The change in output from hiring one additional unit of labor:
a. increasing marginal returns b. total cost c. marginal revenue d. marginal product of labor e. marginal cost
Two nations, Alpha and Beta, can both produce steel. Alpha has a comparative advantage in the production of steel if it:
A. Can produce more steel than Beta B. Uses more steel than Beta C. Has a higher domestic opportunity cost of producing steel than Beta D. Has a lower domestic opportunity cost of producing steel than Beta
Refer to the table above. The total cost per month is the highest if Apartment ________ is rented
A) 2 B) 3 C) 4 D) 5
In a large open economy,
A) domestic lending and borrowing decisions have no impact on the world real interest rate. B) an increase in the domestic supply of loanable funds would lower the world real interest rate. C) the domestic equilibrium real interest rate is determined independently of foreign borrowing and lending. D) an increase in the domestic demand for loanable funds would lower the world real interest rate.