In financial markets, when a firm issuing new securities has previously issued securities, these securities are called
A) seasoned issues.
B) an initial public offering.
C) secondary issues.
D) investment-grade issues.
A
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In the long run, an increase in the quantity of money leads to
A) a smaller percentage increase in the real interest rate. B) a smaller percentage increase in the price level. C) an equal percentage increase in the price level. D) no effect on the price level or on real GDP. E) an equal percentage increase in the real interest rate.
The number of U.S. workers in unions today is:
A. roughly equivalent to what it was in the 1950s. B. about 13%of all wage and salary workers. C. just under 15 million Americans. D. not something we can estimate due to the lack of information on all people in the labor market.
Peruvian economist Hernando de Soto claims the ___________ in Latin America results in "dead capital."
A. weak titling system B. strong titling system C. general lack of strong national defense D. generally weak currencies
Why does quantity supplied increase when price increases?
a. Producers find it more profitable to make the item. b. People "drop out" of the market, so buyers find it more abundant. c. As demand decreases with a high price, surpluses appear. d. All of the above.