Investments that are mistakenly made and generate losses
a. will occur when future revenues are known with certainty.
b. indicate that the capital market is incapable of generating wealth.
c. are normal costs of developing new projects and technologies in a world of uncertainty.
d. will not occur when capital markets are operating efficiently.
C
Economics
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The legislation that overturned the prohibition on interstate banking is
A) the McFadden Act. B) the Gramm-Leach-Bliley Act. C) the Glass-Steagall Act. D) the Riegle-Neal Act.
Economics
"Information problematic" borrowers must usually go the __________ finance route and issue __________ securities
A) direct; traded B) direct; nontraded C) indirect; traded D) indirect; nontraded
Economics