A money market mutual fund account is a(n):
a. checking account that earns interest
b. savings account against which one can write checks.
c. group of stocks sold under one name.
d. claim on a collection of interest-earning assets that is not guaranteed by the FDIC.
e. account with which the Fed buys and sells U.S. government securities.
d
Economics
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A firm that has taken advantage of economies of scale and expanded to become the only producer in the market is
A) a cartel. B) a natural monopoly. C) a monopolistic competitor. D) an oligopolist.
Economics
The convergence theory states that:
A. poorer countries will grow faster than rich ones. B. rich countries will grow faster than poor ones. C. poor countries tend to converge together and stagnate. D. rich countries tend to leapfrog ahead maintaining the gap in global development.
Economics