The expected rate of return from a share of stock consists of:
a. a dividend return
b. capital appreciation (or depreciation)
c. interest
d. a and b only
e. a, b, and c
d
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The efficiency of the payments' mechanism affects
a. the speed with which money can be exchanged for other assets. b. how quickly individual loan applications will be approved. c. how slowly individuals deplete their cash balances. d. the speed with which financial institutions can process checks and other funds.
If we add together all the gains from specialization and trade and then subtract all the losses, the net result would be
A. Positive: a net gain for the world and each country. B. Negative: a net loss for the world and each country. C. Impossible to tell: the net result could be zero, positive, or negative. D. Zero: the gains and losses would cancel out.