In a guaranty agreement, the guarantor is primarily liable on the debt
Indicate whether the statement is true or false
FALSE
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Suppose a bank has $200 million as transaction deposits, and holds $25 million as reserves. If the reserve requirement is uniformly 10% on any positive amount, the bank's excess reserves equals
A. $25 million. B. $10 million. C. $5 million. D. $1 million.
Some employers might decide to treat employees well as a means to produce greater workplace harmony and productivity. This approach is reminiscent of ________ ethics.
A. utilitarian B. Kantian C. deontological D. normative
Name the six principal ethical challenges that leaders are likely to face.
What will be an ideal response?
Suppose the interest rate on a 1-year T-bond is 5.00% and that on a 2-year T-bond is 6.80%. Assume that the pure expectations theory is NOT valid, and the MRP is zero for a 1-year T-bond but 0.40% for a 2-year bond. What is the yield on a 1-year T-bond expected to be one year from now? Round the intermediate calculations to 4 decimal places and final answer to 2 decimal places.
A. 7.43 B. 8.52 C. 6.57 D. 7.82 E. 5.86