According to the U.S. Treasury
A) creditors do not have to accept cash in payment of debts.
B) firms do not have to accept cash as payment for goods and services.
C) the government will not accept cash in payment of taxes.
D) U.S. dollars must be accepted as payment for any good or service sold in the United States.
B
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Which of the following is an advantage of an indexed equity mutual fund relative to a managed equity fund?
a. Indexed funds generally have better stock pickers. b. Indexed funds engage in more detailed research. c. Indexed funds have lower operating costs because they engage in less stock trading. d. Indexed funds earn a significantly higher rate of return than a broad portfolio that represents the entire stock market.
Entrepreneurs:
A. work exclusively in government and university R&D laboratories. B. often form small companies called start-ups. C. are less likely to exist in service industries than in manufacturing industries. D. are engaged mainly in basic scientific research.