If Cathy has a bond that will pay $1,000 one year from now and its current price is $800, what is the current interest rate?

a. 10 percent
b. 25 percent
c. 20 percent
d. 200 percent
e. 2 percent

B

Economics

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Who had served as a de facto lender of last resort during the 1907 panic?

A) The U.S. Treasury B) J. P. Morgan C) Henry Ford D) John D. Rockefeller

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Under the Clayton Act, which of the following was illegal, even if it was not shown to lessen competition substantially?

a. Price discrimination. b. Tying contract. c. Horizontal mergers by stock acquisition. d. Interlocking directorates.

Economics