(I) Firms and individuals use the capital markets for long-term investments
(II) Capital markets provide an alternative to investment in assets such as real estate and gold.
A) (I) is true, (II) false.
B) (I) is false, (II) true.
C) Both are true.
D) Both are false.
C
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When British entrepreneur Richard Branson established the first Virgin Megastore in Japan, he established a joint venture with the Marui retailing chain. Judging by the approach Branson used, he and his management team must have viewed Japan as:
A) culturally close and easy to enter. B) culturally distant and easy to enter. C) culturally close and difficult to enter. D) culturally distant and difficult to enter. E) culturally difficult and easy to enter.
The amount to be invested now to accumulate to a certain amount in the future at a specified interest rate is called the:
A) time value of money. B) present value of an investment. C) future value of an investment. D) None of the above.