When you buy a corporate bond, you are
A. borrowing funds from the corporation.
B. lending funds to the corporation.
C. selling an ownership right in the corporation.
D. acquiring an ownership right in the corporation.
E. b and d
Answer: B
Economics
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In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith credits economies of scale to
a. competition. b. opportunity costs. c. specialization. d. incentives.
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