Consumer finance companies, because of the __________-term nature of their liabilities, prefer to hold __________-term assets
A) long; long
B) long; short
C) short; long
D) short; short
D
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Economists estimated that the price elasticity of beer is -0.30 and the income elasticity of beer is 0.09. This means that
A) an increase in the price of beer will lead to an increase in revenue for beer sellers and beer is a normal good. B) a decrease in the price of beer will lead to an increase in revenue for beer sellers and beer is an inferior good. C) an increase in the price of beer will lead to a decrease in the quantity demanded of beer and beer is a luxury. D) an increase in the price of beer will increase the quantity demanded of beer and beer is a normal good.
In the late 2000s, the primary source of external funds for corporations was
A) commercial paper. B) loans. C) bonds. D) stocks.
Suppose that 90 percent of women who are Krista's age do not have high cholesterol and 10 percent do. If a cholesterol test indicates that Krista has high cholesterol, but the test is only accurate 80 percent of the time, then the probability that Krista really does have high cholesterol is roughly:
A. 80 percent. B. 18 percent. C. 90 percent. D. 31 percent.
What type of government policy involves raising or lowering taxes, and increasing or decreasing government spending?
A. Disciplinary B. Monetary C. Fiscal D. Social