An example of odious debt would be debts on the part of a nation that were incurred by a dictator for the well being of his family

If a savings and loan "pools risk," which of the following must it do?

A) take funds in from a large number of lenders B) have a large spread between the interest rate it charges borrowers and the interest rate it pays lenders C) lend money to a large number of firms D) Both answers A and C are correct.

The law of one price holds exactly only if

A) buyers have complete information. B) antitrust laws are being enforced. C) it is impossible for buyers to resell the good. D) transactions costs are zero.