Full Download Economics of Money Banking and Financial Markets 10th Edition Mishkin Test Bank
Full Download Economics of Money Banking and Financial Markets 10th Edition Mishkin Test Bank
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8) Assume that you borrow $2000 at 10% annual interest to finance a new business project. For
this loan to be profitable, the minimum amount this project must generate in annual earnings is
A) $400.
B) $201.
C) $200.
D) $199.
Answer: B
Ques Status: Previous Edition
AACSB: Analytic skills
9) You can borrow $5000 to finance a new business venture. This new venture will generate
annual earnings of $251. The maximum interest rate that you would pay on the borrowed funds
and still increase your income is
A) 25%.
B) 12.5%.
C) 10%.
D) 5%.
Answer: D
Ques Status: Previous Edition
AACSB: Analytic skills
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Copyright © 2013 Pearson Education, Inc.
10) Which of the following can be described as involving direct finance?
A) A corporation issues new shares of stock.
B) People buy shares in a mutual fund.
C) A pension fund manager buys a short-term corporate security in the secondary market.
D) An insurance company buys shares of common stock in the over-the-counter markets.
Answer: A
Ques Status: Previous Edition
AACSB: Analytic skills
14) Securities are ________ for the person who buys them, but are ________ for the individual
or firm that issues them.
A) assets; liabilities
B) liabilities; assets
C) negotiable; nonnegotiable
D) nonnegotiable; negotiable
Answer: A
Ques Status: Previous Edition
AACSB: Reflective thinking skills
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Copyright © 2013 Pearson Education, Inc.
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Lincoln’s Speech at Gettysburg.
“Four-score and seven years ago, our fathers brought forth on this
continent, a new Nation, conceived in liberty, and dedicated to the
proposition that all men are created equal.
“Now, we are engaged in a great civil war testing whether that
Nation, or any Nation, so conceived and so dedicated, can long
endure. We are met on a great battle-field of that war. We have come
to dedicate a portion of that field, as a final resting-place for those,
who here gave their lives that that Nation might live. It is altogether
fitting and proper that we should do this.
“But, in a large sense, we cannot dedicate—we cannot consecrate—
we cannot hallow this ground. The brave men, living and dead, who
struggled here, have consecrated it far above our poor power to add
or detract. The world will little note, nor long remember what we SAY
here, but it can never forget what they DID here. It is for us the living,
rather, to be dedicated here to the unfinished work which they who
fought here have thus far so nobly advanced. It is rather for us to be
here dedicated to the great task remaining before us, that from these
honored dead, we take increased devotion to that cause for which
they gave the last full measure of devotion, that we here highly
resolve that these dead shall not have died in vain; that this Nation,
under God, shall have a new birth of freedom; and that Government
of the people, by the people, and for the people shall not perish from
this earth.”
Speech of Hon. John M. Broomall, of
Pennsylvania,