In financial markets, leverage refers to:
A) the use of borrowed money in an investment
B) the power to influence the market
C) the use of political connections in attaining financial outcomes
D) the role that speculators have in impacting market outcomes
A
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According to the graph shown, total surplus is area:
A. A + B + C.
B. B.
C. A.
D. A + B.
A German citizen buys an automobile produced in the United States by a Japanese company. As a result,
a. U.S. net exports increase, U.S. GDP is unaffected, Japanese GNP increases, German net exports decrease, and German GNP and GDP are unaffected. b. U.S. net exports and GDP increase, Japanese GNP increases, German net exports decrease, German GNP is unaffected, and German GDP decreases. c. U.S. net exports and GDP increase, Japanese GNP increases, German net exports decrease, and German GNP and GDP are unaffected. d. U.S. net exports and GDP are unaffected, Japanese GNP increases, and German net exports, GNP, and GDP decrease.
An example of an in-kind transfer is
A. low-cost public housing. B. Social Security. C. income tax. D. unemployment benefits.
Between the years 1998 and 2001, the U.S. government experienced
A. contractionary budget cycles. B. budget deficits. C. balanced budgets. D. budget surpluses.