Leverage:
A. is synonymous with risk-free investment.
B. increases expected rate of return.
C. leads to smaller changes in the investment's price.
D. reduces risk.
Answer: B
Economics
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a. Checkable deposits b. Loans c. Required reserves d. Excess reserves
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In the 1950s and 1960s the European unemployment rate tended to be ________ the U.S. unemployment rate, while in the 1990s the European unemployment rate tended to be ________ the U.S. unemployment rate.
A. higher than; higher than B. lower than; lower than C. higher than; lower than D. lower than; higher than
Economics