Suppose you own $15,000 of personal property, $5,000 of stock in XYZ Corporation, a $1,000 certificate of deposit, and $10,000 of government bonds. If XYZ Corporation goes bankrupt, the most you could lose is
A. $15,000.
B. $26,000.
C. $31,000.
D. $5,000.
Answer: D
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Imposing a restrictive quota on imported plasma TVs will:
a. increase the price of the plasma TVs and decrease the quantity consumed. b. increase both the price of the plasma TVs and the quantity consumed. c. leave the price of the plasma TVs unchanged but decrease the quantity consumed. d. leave the price and the quantity consumed of plasma TVs unchanged, because domestic producers will expand production to make up for the reduction in imports
The rate of interest charged by the Federal Reserve to member banks for reserves borrowed from the Fed is known as the:
a. federal funds rate. b. discount rate. c. repurchase rate. d. Q-ceiling rate.
The Federal Reserve System is the
A) federal government agency that collects taxes and spends these receipts on tanks, bridges, government employees' salaries, etc. B) company that delivers packages to your front door. C) central bank of the United States. D) federal government agency that collects and disseminates all the economic data that economists are interested in.
Figure 4-6
Grapes can be used for wine or for raisins. Which graph in Figure 4-6 best depicts the effects on the U.S. raisin market of a decrease in purchases of domestic wines?
a.
1
b.
2
c.
3
d.
4