Business finance companies
A) purchase accounts receivable of small firms at a discount.
B) sell commercial paper and buy long-term corporate bonds.
C) take in deposits from savers and buy corporate commercial paper.
D) are strictly regulated by state governments.
A
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A) rival; excludable B) nonrival; excludable C) rival; nonexcludable D) nonrival; nonexcludable
A market is in equilibrium when
A) supply is equal to demand. B) the price is adjusting upward. C) the quantity supplied is equal to the quantity demanded. D) tastes and preference remain constant.
Which of the following constituted the majority of federal government revenues in 1860?
a. Property tax. b. Tariffs. c. Income tax. d. Fees and Licenses.
A total cost curve shows the largest amount of a product a firm can produce with a minimum cost
a. True b. False Indicate whether the statement is true or false