The first sale to the general public of stock in a corporation is referred to as
A. A public bond offering.
B. An initial public offering.
C. A public stock auction.
D. An original public sale.
Answer: B
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A country has a current account surplus of $256 billion. This implies that ________
A) net factor payments from abroad is negative B) payments received from foreigners exceed payments to foreigners C) net transfers from abroad is negative D) its imports exceed its exports by $256 billion
On any given day, ________ changes to achieve equilibrium in the money market
A) the nominal interest rate B) the price level C) the real interest rate D) the inflation rate E) real GDP
A currency drain occurs when the
A) Fed increases the required reserve ratio. B) Fed sells U.S. government securities. C) non-bank public increases its holdings of currency outside the banking system. D) banks reduce the number of loans they create with their excess reserves. E) Fed buys U.S. government securities.
The president from which Federal Reserve Bank always has a vote in the Federal Open Market Committee?
A) Philadelphia B) Boston C) San Francisco D) New York