The interest rate that banks change one another on overnight loans is called the

A risk premium is

a. the difference between the earnings of a low risk asset and a high risk asset b. premium paid to a security holder to compensate him for bearing a higher risk c. both A&B d. none of the above

Compared to monopoly, the market results with monopolistic competition are usually expected to be:

a. worse because consumers get fewer choices. b. worse because consumers pay a higher price. c. the same. d. better because consumers get less output. e. better because consumers pay a lower price.