With regard to market value risk, rising interest rates
A. increase the value of fixed rate liabilities.
B. increase the value of fixed rate assets.
C. increase the value of variable-rate assets.
D. decrease the value of fixed rate liabilities.
E. decrease the value of variable-rate assets.
Ans: D. decrease the value of fixed rate liabilities.
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Ellen has a contract with Sue to buy her riding lawn mower for $200. Ellen has given Sue $200 in cash, and Sue has given Ellen possession of the mower. What is the status of this contract between Sue and Ellen?
a. Executory b. Executed c. Illusionary d. Adhesionary
Which of the following statements is true of the FDA?
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