If retailers did not perform the sorting process, _____
a. final consumers would have to visit multiple manufacturers to purchase their needs
b. final consumers would be more powerful in the channel of distribution
c. distribution channels would be more likely to be vertically integrated
d. manufacturers would have improved cash flow
a
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A currency swap is equivalent to a
A) currency option, with the exercise price equal to the current spot rate. B) longdated forward foreign exchange contract, where the forward rate is the current spot rate. C) interest rate swap, where the basis is the differential between the fixed and floating interest rates. D) short-term currency futures contract.
If your competitive bid for a Treasury bill is successful, then you will
A) certainly pay less than if you had submitted a noncompetitive bid. B) probably pay more than if you had submitted a noncompetitive bid. C) pay the average of prices offered in other successful competitive bids. D) pay the same as other successful competitive bidders.