What are the four characteristics of a financial instrument?
What will be an ideal response?
(1) A financial instrument is a written legal obligation; (2) A financial instrument transfers something of value to another party; (3) A financial instrument specifies some future date for this transfer to occur; and (4) A financial instrument specifies certain conditions under which payment will be made.
Economics
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For a closed economy with no government, we know that at every level of GDP actual investment equals
A) the difference between planned investment and actual saving. B) the difference between planned saving and actual saving. C) planned investment. D) planned saving.
Economics
What is a Lorenz curve and what is a Gini coefficient?
. What will be an ideal response?
Economics