To
an economist, ________ is anything that is generally accepted in
payment for goods and  


services
or in the repayment of debt.

If
Microsoft sells a bond in London and it is denominated in dollars,
the bond is a _________ .

Equity of U.S. companies can be purchased by

A
financial market in which only short-term debt instruments are traded
is called the   ________market.

A
liquid asset is

If
the maturity of a debt instrument is less than one year, the debt is
called _______ .

Which
of the following statements about the characteristics of debt and
equity is false?

Which
of the following can be described as involving indirect finance?

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

If
your nominal income in 1998 is $50,000, and prices increase by 50%
between 1998 and 2008, then to have the same real income, your
nominal income in 2008 must be

A
sharp increase in the growth of the money supply is likely followed
by