Assuming that the average duration of its assets is five years, while the average duration of its liabilities is three years, then a 5 percentage point increase in interest rates will cause the net worth of First National to decline by ________ of

When Ferrari sells stock to the public in its IPO, it will do so through the New York Stock Exchange. This is an example of Ferrari using ________ to raise funds

A) corporate governance B) bonds C) direct finance D) indirect finance

In the circular-flow diagram, households and firms are the decision makers

a. True b. False Indicate whether the statement is true or false