Treasury Bonds are
a. liquid, but not a store of value.
b. a store of value, but not liquid.
c. both liquid and a store of value.
d. neither liquid nor a store of value.
c
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Let D = demand, S = supply, P = equilibrium price, Q = equilibrium quantity
What happens in the market for sushi if the Surgeon General announces that a majority of the raw fish that is imported to make sushi contains high levels of toxic mercury? A) D decreases, S no change, P and Q decrease B) S decreases, D no change, P increases, Q decreases C) D no change, S increases, P decreases, Q decreases D) D and S decrease, P and Q decrease
Because firms in perfectly competitive markets can sell any quantity without driving down prices, they should:
A. produce as much as possible to maximize profits. B. produce at the lowest cost per unit to maximize profits. C. try to flood the market. D. increase quantity until the additional profit it earns on its last unit sold is zero.
Nancy buys a $150,000 home using $30,000 of her own money and gets a mortgage for the remaining $120,000 . If the price of the house increases 5%, what will Nancy's capital gain be?
a. $30,000 b. $31,500 c. $35,000 d. $37,500 e. $45,550
Use the following general linear demand relation:Qd = 100 - 5P + 0.004M - 5PRwhere P is the price of good X, M is income, and PR is the price of a related good, R. If M = $50,000 and PR= $10 and the supply function is Qs = 150 + 5P, market price and output are, respectively,
A. P = $10 and Q = 200. B. P = $12 and Q = 150. C. P = $15 and Q = 175. D. P = $12 and Q = 200. E. P = $15 and Q = 225.