The real interest rate differs from the nominal rate in that ________
A) it more accurately represents the true cost of borrowing
B) it varies negatively with changes in the rate of inflation
C) it is the better indicator of credit market conditions
D) all of the above
E) none of the above
D
Economics
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Which of the following characteristics of a competitive market make auction sites such as eBay so popular?
A) There is freedom of entry and exit. B) There are very low transaction costs. C) There are only one or two sellers. D) Buyers and sellers have complete information.
Economics
Henry Bessemer is most recognized for
a. the invention of air brakes for trains. b. his role as an early union leader. c. invention of a steel manufacturing process. d. the development of refrigerated train cars.
Economics