Spot transactions
A) involve immediate settlement.
B) may only take place in face-to-face trading.
C) take place on-the-spot, rather than on an organized exchange.
D) are relatively unimportant in financial markets.
A
Economics
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A demand curve to remain unit elastic along its entire length should
a. cross the X axis. b. touch the X axis but not the Y axis. c. never touch either the X or the Y axis. d. touch the Y axis but not the X axis.
Economics
Suppose that 100 firms operate in a perfectly competitive industry and each firm has the same technology and cost structure. If each firm maximizes profits by selling 20 units of output at $5.00, then the quantity supplied in the market at $5.00 is:
A. 2,000. B. less than 2,000. C. greater than 2,000. D. zero.
Economics