A firm offer is an offer that states that it is to be irrevocable, or irrevocable for a stated period of time

Indicate whether the statement is true or false


True

Business

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If the ratio of currency to transaction accounts is 1, the ratio of nontransaction accounts to transaction accounts is 6, the ratio of retail money-market funds to transaction accounts is 2, the ratio of required reserves to transaction accounts is 0.07, and the ratio of excess reserves to transaction accounts is 0.02, calculate the M1 multiplier and the M2 multiplier.

What will be an ideal response?

Business

Refer to the Rock Aerospace Company example. Income from the contract for Year 5 under the installment method is:

a. $1,000,000 b. $1,400,000 c. $2,800,000 d. $3,360,000 e. None of the above

Business

All employees have an equal chance for a successful business venture abroad

Indicate whether the statement is true or false.

Business

Under the perfect tender rule, the buyer can reject a whole shipment of nonconforming goods

Indicate whether the statement is true or false

Business