Economists define risk as
A) the difference between the interest rate borrowers pay and the interest rate lenders receive.
B) the chance that the value of financial assets will change from what you expect.
C) the ease with which an asset can be exchanged for other assets or for goods and services.
D) the difference between the return on common stock and the return on corporate bonds.
B
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Reserve requirement norms, originally introduced during the Great Depression to prevent bank panics, caused depositors to become restless about the safety of their deposits
Indicate whether the statement is true or false
A firm earns a profit if
A. price equals marginal cost. B. total revenue equals total fixed costs. C. total revenue exceeds the total cost of production. D. price is less than the total cost of production.