A corporate bond is not as liquid as cash because the bond
A) cannot be converted to spendable dollars either until it matures or is sold to another investor.
B) can be exchanged only for the goods or services produced by the company that issued the bond.
C) must be exchanged for a stock certificate before it can be converted to spendable funds.
D) represents an exchange for gold only.
A
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The table above shows Tom's total utility from milkshakes and sodas. A soda costs $1.00. What is the marginal utility per dollar spent when the eighth soda is purchased?
A) 32 units per dollar B) 20 units per dollar C) 10 units per dollar D) 8 units per dollar
The U.S. government is an asset to the U.S. economy when it
(a) effectively serves its role as the agent that defines and protects private property rights. (b) taxes one group of individuals and redistributes that taxed income to another group. (c) permits special groups to secure legislative protection from foreign competition in the industries which they own, manage or work within. (d) does all of the above.