Queen City Sausage stock is selling at $40 per share, it has retained earnings of $1.00 per share, and dividends of $1.00 per share. What is the price-earnings ratio and what is the dividend yield?

Since October 2008, Congress has granted the Fed an authority to

A) pay banks interest on both required reserves and excess reserves. B) charge banks interest on both required reserves and excess reserves. C) charge banks interest on required reserves but pay them interest on excess reserves. D) charge banks interest on excess reserves but pay them interest on required reserves.

Gross domestic product can be thought of as a measure of

A) the national money supply. B) national income. C) national welfare. D) the national value of all legal exchanges. E) none of the above.