Common Stock has a normal credit balance

a. true
b. false

Ans: a. true

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What did Adam Smith believe about the ultimate effects of mercantilist policies on the health of a country's economic situation?

A) Mercantilist policies strengthen an economy by protecting against competition. B) Mercantilist policies result in strong rates of unemployment. C) Mercantilist policies reduce the wealth of a country as a whole. D) Mercantilist policies harm special interest groups.

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All of the following are true of Treasury securities except they

A) are a means by which the U.S. government lends money. B) have a maturity range up to 30 years. C) have a minimum par value of $100. D) can be bought and sold on the secondary market.

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