What is the largest center for currency trading?
What will be an ideal response?
London
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The cost of capital can be thought of as the rate of return required by investors in the firm's securities
a. true b. false
If money raised in the issue of new stocks and bonds is used effectively,
a. the income from them is not subject to double taxation. b. a firm need not meet SEC requirements. c. the stock is being "watered." d. they generate the means of repayment.
The demand for a product is likely to be more elastic when
a. the share of the total budget spent on the product is small. b. more complementary products are available. c. the consumer has a short time to adjust to price changes. d. more good substitutes for the product are available.
The expenditure approach for the calculation of GDP includes spending on:
a. consumption, gross private domestic investment, government spending for goods and services, and net exports. b. consumption, investment, durable goods and exports. c. consumption, gross private domestic investment, government spending for goods and services, and exports. d. consumption, net private domestic investment, government spending for goods and services, and net exports.