A shortcoming of swaps that has led to the domination of the swaps market by large firms and financial institutions is
A) the lack of privacy.
B) need to assess creditworthiness.
C) desire for more flexibility.
D) limited size of the market.
B
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Legalizing all forms of illegal activities
A) reduces GDP and reduces the size of the underground economy. B) reduces GDP and increases the size of the underground economy. C) increases GDP and increases the size of the underground economy. D) increases GDP and reduces the size of the underground economy.
The ease with which an asset can be converted into a medium of exchange is:
a. currency convertibility. b. asset convertibility. c. convertibility. d. money convertibility. e. liquidity.
If cash is deposited into a checking account, the supply of money increases.
Answer the following statement true (T) or false (F)
To maximize profits, a competitive firm will seek to expand output until
A. Price equals marginal cost. B. The elasticity of demand equals 1. C. Price equals $0. D. Total revenue equals total cost.