A 2005 quarter is called token money because:
a. it is legal tender
b. its metal value exceeds its face value.
c. there is less than a quarter's worth of metal in it.
d. it can be used in the subway.
e. it is generally not accepted in exchange.
c
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Calculate the income elasticity if an 8 percent increase in income leads to a 4 percent increase in quantity demanded for organic produce
A) -0.66 B) 0.5 C) 1.5 D) 2
The risk of financing a project by issuing common stock is borne by
A. the issuing firm only. B. the stockholders only. C. both the issuing firm and the stockholders. D. the government.
When did the three longest trough-to-peak expansions of the twentieth century occur?
a. between 1900 and 1930 b. between 1930 and 1960 c. since 1960 d. since 1980
If Mike buys a bond today for $400 that pays him $500 in one year, what is the implied interest rate?
a. 80 percent. b. 125 percent. c. 20 percent. d. 25 percent. e. 22 percent.