In ________, the market consists of many buyers and sellers trading in a uniform commodity, such as wheat, copper, or financial securities

A single family residence, which had an assessed value much lower than the current market value, was sold on October 1 at its current market value. The new owners will be obligated to pay:

A: Only the prorated amount of taxes based on the March 1 assessed value; B: The regular payment due November 1, plus an additional month's taxes for October, based on the March 1 assessed value; C: The regular payment due November 1, plus an additional month's taxes for October, based on the new assessed value; D: A supplemental tax based on the difference between the old assessed value and the new assessed value for the remaining months of the fiscal year.

Which of the following holds true for a pegged exchange rate system?

A. Adopting a pegged exchange rate regime increases inflationary pressures in a country. B. It is necessary for a country whose currency is chosen for the peg to pursue a sound monetary policy. C. Pegged exchange rates are popular among many of the world's largest and developed nations. D. The value of a pegged currency falls when the reference currency rises in value. E. It is similar to a floating exchange rate system rather than a fixed system.