What do stocks represent?
A. Shares of ownership in a corporation and a guaranteed stream of profits
B. Shares of ownership in a corporation and an entitlement to its future profits
C. Debt contracts with a corporation and regular interest payments on the loan
D. Debt contracts with a corporation and variable interest payments on the loan
B. Shares of ownership in a corporation and an entitlement to its future profits
You might also like to view...
Under the Bretton Woods system, when a country adopted an expansionary monetary policy, thereby causing a balance of payments ________, the country would eventually be forced to implement ________ monetary policy
A) deficit; expansionary B) deficit; contractionary C) surplus; expansionary D) surplus; contractionary
A dominant strategy is: a. one that maximizes the social welfare
b. one that maximizes profit. c. one that maximizes a player's welfare, regardless of the behavior of a competitor. d. one that maximizes a player's welfare, given the actions of a competitor.