If the rate of interest is fixed, the MFC of capital is equal to the interest rate
Indicate whether the statement is true or false
T
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Before it went bankrupt in 2008, Lehman Brothers investment bank had a leverage ratio of 30 which meant it was:
A. highly hedged. B. in debt more than it was worth. C. highly leveraged. D. not very leveraged.
Token, or fiat, money is defined as:
(a) A unit of account; (b) Money that has intrinsic value; (c) Money that has no intrinsic value; (d) None of the above.
Which of the following is not an automatic stabilizer?
A. Personal income tax revenue. B. Corporate income tax revenue. C. Unemployment compensation benefits. D. Property tax revenue.
If Target were to merge with Wal-Mart, this would be referred to as a(n)
A. vertical merger. B. anti-competitive merger. C. horizontal merger. D. conglomerate merger.