Financial instruments whose payoffs are linked to previously issued securities are called
A) grandfathered bonds.
B) financial derivatives.
C) hedge securities.
D) reversible bonds.
B
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Which of the following is INCORRECT?
a. Aggregate abatement spending in the U.S. has increased over time b. Across all economic sectors, business spending on abatement in the United States comprises the highest proportion of aggregate abatement spending c. Across major industries, spending on waste treatment outweighs spending on recycling d. The petroleum and coal industry spends less on abatement than any other industry
If there is a decrease in industry supply while the industry demand curve remains the same, then an individual firm in a perfectly competitive industry currently earning profits will see its profits
A. not change. B. decrease. C. increase. D. impossible to determine.