Money market transactions
A) do not take place in any one particular location or building.
B) are usually arranged purchases and sales between participants over the phone by traders and completed electronically.
C) are both A and B of the above.
D) are none the the above.
C
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Which of the following statements about the times-interest-earned ratio is true?
A) A lower ratio indicates a higher debt paying ability. B) Debt reduction leads to an increase in interest expense. C) The times-interest-earned ratio is also called the interest-coverage ratio. D) The times-interest-earned ratio is calculated by dividing gross income by interest expense.
Which one of the following statements is true concerning bonds?
A) A bond yield represents only the interest earned on a bond. B) Bond yield data is more useful to an investor when compared over time. C) A bond's yield remains constant even when a bond is sold prior to maturity. D) Bonds with similar characteristics generally have widely disparate bond yields.