Which of the following people has voting privileges in a corporation?
a. convertible stockholder
b. preferred stockholder
c. common stockholder
d. corporate bondholder
e. corporate manager
C
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________ refers to a decrease in the willingness of banks to lend, while an impairment of the ability of nonfinancial firms to borrow is a consequence of ________
A) Adverse selection; moral hazard B) Deleveraging; debt deflation C) Fire sales; a bank panic D) The shadow banking system; agency theory
Two of the economy's most important financial intermediaries are
a. suppliers of funds and demanders of funds. b. banks and the bond market. c. the stock market and the bond market. d. banks and mutual funds.
What was the first year that Social Security revenues fell below Social Security retirement payments?
A. 2010. B. As of 2015, Social Security revenues continue to exceed Social Security retirement payments. C. 2009. D. 2014.
Net national product (NNP) is equal to
A) personal income minus taxes. B) GNP minus consumption of fixed capital. C) GDP plus consumption of fixed capital. D) national income plus consumption of fixed capital.