By taking the long position on a futures contract of $100,000 at a price of 96 you are agreeing to ________ a ________ face value security for ________

For investors, commercial paper is a close substitute for

A) U.S. Treasury bills. B) U.S. Treasury bonds. C) corporate bonds. D) municipal bonds.

If the demand for apples is highly elastic and the supply is highly inelastic, then if a tax is imposed on apples it will be paid: a. largely by the sellers of apples

b. largely by the buyers of apples. c. equally by the sellers and buyers of apples. d. by the government.