Underwriting spreads on equity issues are much __________ than on debt issues because stock prices are so __________ relative to bond prices
A) smaller; steady
B) smaller; volatile
C) larger; steady
D) larger; volatile
D
Economics
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Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term so that they:
A. Have time to learn how the Fed operates. B. Are more likely to make politically acceptable decisions. C. Make their decisions based on economic, rather than political, considerations. D. Have enough time to travel to all 12 regional banks.
Economics
The effect of the invisible hand is likely to be the strongest under which market structure?
A) Oligopoly B) Monopoly C) Perfect competition D) Monopolistic competition
Economics