Is the obtaining of a car loan a primary or secondary market transaction?
What will be an ideal response?
The obtaining of a car loan is a primary market transaction since the loan represents a newly-issued instrument by the bank.
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Use of bovine growth hormone (BGH) on cattle dramatically increases the milk output of dairy cows. Dairy farmers in Wisconsin vigorously oppose permitting the drug’s use over concerns of an excess supply and a consumer reaction on the purity of food issue that could put many of them out of business. Which of the graphs in Figure 4-13 is consistent with these concerns?
A. 1 B. 2 C. 3 D. 4
Give an example of price discrimination
What will be an ideal response?
What is an oligopoly?
What will be an ideal response?
Discuss why the discount rate may be considered a penalty rate of interest charged to banks.
What will be an ideal response?