Profit (or loss) per unit at the profit maximizing (or loss minimizing) level of output

The bid-asked spread is likely to be greater on securities that are

A) issued in larger denominations. B) have low market risk. C) less liquid. D) traded in a deep market.

Government revenue generated by the issue of currency is known as ________

A) monetizing the debt B) triage C) seignorage D) hyperinflation