Compare the characteristics of loans and marketable securities in terms of liquidity, risk, and information costs
What will be an ideal response?
Loans are less liquid than marketable securities, have a higher default risk, and higher information costs.
Economics
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The record of international receipts and payments is called the
A) official settlements account. B) balance of payments. C) U.S. official reserves. D) current account. E) capital and financial account.
Economics
In 1964, the poverty line for a family stood at about which of the following figures?
a. $2,100 b. $3,000 c. $4,500 d. $7,500
Economics