A 25-year floating rate mortgage has its rate adjusted twice a year. This gives it a re-pricing maturity of
A) six months.
B) twenty-four years and six months.
C) twenty-five years.
D) fifty years.
A
Economics
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When a rise in the price of one item results in a decrease in the demand for another good, then the two goods are
A) substitute goods. B) complementary goods. C) inferior goods. D) satisfying the law of supply.
Economics
The short-run break-even price
A) is the price at which the firm's current liabilities are paid off. B) is the price at which a firm's total revenues equal total costs. C) occurs at the output at which the firm yields a below normal rate of return. D) occurs at the output at which the firm yields a positive economic profit.
Economics