The presence of transaction costs in financial markets explains, in part, why
A) financial intermediaries and indirect finance play such an important role in financial markets.
B) equity and bond financing play such an important role in financial markets.
C) corporations get more funds through equity financing than they get from financial intermediaries.
D) direct financing is more important than indirect financing as a source of funds.
A
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Under an activist rule,
A. the growth rate of money supply is greater than the inflation rate. B. monetary policy is allowed to change over the course of the business cycle. C. the growth rate of money supply is lower than the inflation rate. D. monetary policy is not changed over the course of the business cycle.
Shutters Company adopted a defined benefit pension plan on January 1 . 2014 . Shutters amortizes the prior service cost over 1 . years and funds prior service cost by making equal payments to the fund trustee at the end of each of the first ten years. The service cost is fully funded at the end of each year. The following data are available for 2014: Service cost
.......................................... $440,000 Prior service cost: Amortized ........................................... 166,800 Funded .............................................. 228,800 If interest cost for 2014 is equal to the return on plan assets, then Shutters's prepaid pension cost at December 31 . 2014, is a. $228,800. b. $166,800. c. $62,000. d. $0
Which of the following legal documents establishes the U.S. federal government and specifies its powers?
A) federal statutes B) the U.S. Constitution C) the combined list of state statutes D) the set of codified laws called ordinances
In the U.S. courts of appeals, the parties file legal briefs with the court and are given a short oral hearing
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