The Federal Tort Claims Act of 1946 requires the federal government to ________
A) file legal actions against corporations violating strict liability torts
B) waive sovereign immunity for the tortious acts of its employees in certain cases
C) measure the cost that a proposed rule would impose on a business
D) hold every portion of a business meeting open to public attendance
B
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Given some amount to be received several years in the future, if the interest rate increases, the present value of the future amount will be:
A) Higher B) Lower C) Stay the same D) Cannot tell E) Variable
Nominal interest rates are the sum of two major components. These components are ________
A) the real interest rate and expected inflation B) the risk-free rate and expected inflation C) the real interest rate and default premium D) the real interest rate and the T-bill rate