When you select bonds based on the expectation that interest rates will decline, you are using a(n) __________ strategy.

A. active rate
B. passive rate
C. interest rate
D. maturity-matching

Answer: C. interest rate

Business

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Maple Corp. had net sales of $201,550 for the year ended December 31, 2017. Its beginning and ending total assets were $88,200 and $112,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2017

A) 0.5 times B) 2.29 times C) 1.11 times D) 2.01 times

Business

A rule that creates, defines, or regulates the legal rights of administrative agencies and the parties they regulate is called a(n) ________

A) substantive rule B) procedural rule C) internal law D) executive law

Business