The term ________ refers to a severe shortage of cash during which companies can't get enough cash to meet their operating needs
A) liquidity crisis
B) cash drought
C) asset crisis
D) payment shock
E) credit default
Answer: A
Explanation: A liquidity crisis is a severe shortage of liquidity throughout a sector of the economy or the entire economy, during which companies can't get enough cash to meet their operating needs.
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At a minimum, which of the following would you need to know to estimate the amount of additional reward you will receive for purchasing a risky asset instead of a risk-free asset?
I. asset's standard deviation II. asset's beta III. risk-free rate of return IV. market risk premium A. I and III only B. II and IV only C. III and IV only D. I, III, and IV only E. I, II, III, and IV
The Ministry of International Trade and Industry (MITI) has helped devise export strategies for companies in:
A) Singapore. B) South Korea. C) Taiwan. D) Hong Kong. E) Japan.