An asset that derives its value from some other underlying asset is a
A) stock.
B) bond.
C) derivative.
D) CD.
C
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Suppose a bank has $10 million in capital, $100 million in assets, and after-tax profit of $2 million? what is its return on assets? What is its return on equity?
What will be an ideal response?
Once produced, Nonexcludable goods are _____
a. difficult to keep employees from stealing b. difficult to keep people from consuming without paying for them c. difficult to keep people from consuming at any price d. available to anyone if they want to pay for it
The services of real estate brokers are provided in a competitive market. If the state Board of Realtors enacts several requirements that limit the number of real estate brokers, then consumer surplus will most likely
A) increase. B) decrease. C) remain unchanged. D) There is not enough information to answer.
A shortage occurs whenever
a. quantity demanded exceeds quantity supplied at the equilibrium price. b. price is less than equilibrium price. c. quantity demanded is less than quantity supplied. d. goods are scarce. e. some of the people who need the product are not willing and able to buy it at the equilibrium price.