A one-year discount bond with a par value of $5000 sold today, at issuance, for $4750 has a yield to maturity of
A) 5.00%.
B) 5.26%.
C) 2.50%.
D) 9.75%.
B
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Which of the following describes the behavior of M1 in recent decades?
A) it soared during the recessions of 1990-91, 2001, and 2007-2009 B) it tended to grow more rapidly than M2 C) it was more stable than M2 D) it has not declined since the 1970s
When Dr. Katy Stack treats a military veteran at a veterans' administration hospital, the money she receives is part of the _________ category(ies) of government spending
a. educational b. veterans' benefits c. public assistance d. international aid e. income support, Social Security, and welfare
The paradox of thrift tells us that even though people try to save more, they end up saving
a. no more than they did before and maybe even less depending on the shape of the investment curve b. no more than they did before and maybe even less depending on the shape of the consumption curve c. no more than they did before and maybe even less depending on the shape of the saving curve d. no more than they did before and maybe even less depending on the shape of the national income curve e. even more than they anticipated because thrift is always good
Assume that a consumer has a given budget or income of $12, and that she can buy only two goods, apples or bananas. The price of an apple is $1.50 and the price of a banana is $0.75. Refer to the information given above. If the consumer spent all of her
budget on just apples or just bananas, how many apples or bananas maximum would she be able to buy? A. 12 apples or 8 bananas B. 8 apples or 12 bananas C. 16 apples or 12 bananas D. 8 apples or 16 bananas