People who take their money out of insured bank deposits to invest in uninsured money market mutual funds have ________ risk because money market funds invest in ________ assets
A) high; long-term
B) low; short-term
C) high; short-term
D) low; long-term
B
Business
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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
Business
In a tour of a client's manufacturing facility, the auditor is most likely attempting to satisfy which of the following management assertions related to long-lived assets?
a. Completeness. b. Existence. c. Rights. d. Presentation and disclosure.
Business