Traveler's checks are included in
A) M1 only. B) M2 only.
C) both M1 and M2. D) neither M1 nor M2.
C
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Technology is defined as
A) new innovations and creations. B) the process of developing and revising models. C) the process of recycling products. D) the processes used to produce goods and services.
Answer the following statement(s) true (T) or false (F)
1. To make the most accurate predictions about a stock's future price, one must look at both the past pattern of prices and the current price of the stock. 2. In an efficient market, the current price reflects all available information. 3. The past performance of a stock is the best guide to future performance. 4. A speculative bubble is characterized by systematic undervaluing of stocks. 5. Efficient financial markets are called so because they produce an amount of financial products that maximizes total surplus in the financial industry.