Funds must be deposited to a margin account by:
A. the exchange broker.
B. the futures contract seller.
C. the futures contract buyer.
D. the futures contract buyer and seller.
Ans: D. the futures contract buyer and seller.
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The satisfaction a person receives from consuming goods and services is called
A) contentment. B) wealth. C) utility. D) psychic income.
Explain why a firm may hire managers to operate outlets near the firm's headquarters, but may sell franchise rights for the outlets located greater distances from the headquarters
(With a franchise, the firm sells a brand name and a method of doing business to someone who then owns and operates the outlet.)
If Country A's central bank wanted to increase the value of its currency, its overall balance would:
a. Become more negative. b. Become more positive. c. Not change. d. Change only if there were no offsetting changes in the net errors and omissions account.
Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?
A. $46,371 B. $41,150 C. $41,282 D. $46,021