Interest rates are higher the
A) shorter the duration of the loan.
B) greater the risk.
C) larger the amount of the loan, holding other things constant.
D) lower the inflation rate.
B
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Unless there are deaths or resignations, a two-term U.S. President can appoint up to
A) twelve members of the Federal Reserve Board of Governors. B) eight members of the Federal Reserve Board of Governors. C) four members of the Federal Reserve Board of Governors. D) two members of the Federal Reserve Board of Governors.
Which of the following is not an example of a barrier to entry?
a. John owns the only parcel of lakeside property with a beach that is safe for swimming. He charges admission to neighbors who want to use the beach. b. Jackie owns the copyright to a popular song. She receives royalties every time a radio station plays her song. c. John Jr. owns the best seafood restaurant in a popular resort area. He charges high prices because the quality of the food is so good. d. Caroline owns the patent for a new running shoe. She receives payments from the company who manufactures the shoes.