The difference of rate-sensitive liabilities and rate-sensitive assets is known as the
A) duration.
B) interest-sensitivity index.
C) rate-risk index.
D) gap.
D
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Restricting access to endangered common resources assigns
A) permanent property rights to those people given permission to use the resource. B) temporary property rights to those people given permission to use the resource. C) property rights to no one since access has been restricted to only a select few. D) property rights to society in general since the resource is a common resource.
Eastern Europe is an information-__________ environment, which __________ the use of securities markets for large-firm financing
A) poor; encourages B) poor; discourages C) rich; encourages D) rich; discourages
An industry that can expand or contract without affecting the long-run per unit cost of production is:
a. decreasing cost industry b. increasing cost industry c. constant cost industry d. productive efficiency industry
A required element for specialization to lead to an increase in the satisfaction of society's wants is:
A. A capitalist economy B. Exchange and trade C. The use of money D. A central plan