When the Fed sells securities, _____.
A. banks become flush with funds
B. banks cut back on the loans
C. credit becomes readily available
D. the money supply increases
Answer: B
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Predatory pricing
A. is legal in the United States when a company wants to set a very low price to drive its competition out of business. B. occurs when a firm sets a very high price for one or more of its products. C. is illegal in the United States under both the Sherman Antitrust Act and the Federal Trade Commission Act. D. is legal in the United States. E. occurs when there are many firms competing for customers in a given market but their products are differentiated.
Commercial paper is issued in denominations of:
A. $10 only. B. $100 or less. C. $1,000 only. D. $100,000 or more. E. $1,000,000 only.
The property of a decedent escheats to his or her designated heirs.
Answer the following statement true (T) or false (F)
Chapter 7 bankruptcy is also known as A)reorganization
B)reaffirmation. C)voluntary bankruptcy. D)straight bankruptcy.