Financial instruments with high information costs
A) will usually be more liquid than similar instruments with low information costs.
B) will have lower yields than U.S. Treasury securities.
C) may not be offered for sale in some states.
D) will have lower prices than similar instruments with low information costs.
D
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Net present value of a project equals:
A) Discounted Benefit - Discounted Cost. B) Discounted Cost × Discounted Benefit. C) Discounted Cost/Discounted Benefit. D) Discounted Benefit/Discounted Cost.
Which of the following are goals of monetary policy?
A) maximizing the value of the dollar relative to other currencies, economic growth, and high employment B) price stability, maximizing the value of the dollar relative to other currencies, and high employment C) price stability, economic growth, and high employment D) price stability, economic growth, and maximizing the value of the dollar relative to other currencies