If a financial institution has 50% of its portfolio in a bond with a five-year duration and 50% of its portfolio in a bond with a seven-year duration, what is the duration of the portfolio?

Explain how price can be a regulator, that is, how it can coordinate the plans of buyers and sellers

What will be an ideal response?

Refer to Table 4-8. If a minimum wage of $10.00 an hour is mandated, what is the quantity of labor supplied?

A) 390,000 B) 370,000 C) 350,000 D) 40,000