In quoting a foreign exchange rate, the bid is where______will buy, while the ask is where
A.a bank…an investor
B.a bank…a bank
C.an investor…an investor
D.an investor…a bank
A.a bank…an investor
B.a bank…a bank
C.an investor…an investor
D.an investor…a bank
Lucy was so excited _______she received an invitation from her friend to visit Beijing.
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A.the real rate and the inflation premium
B.the risk-free rate and the period rate
C.the risk premium
D.A and C
E.B and C
A.the treasurer
B.the CFO
C.the board of directors
D.the shareholders
A.cash transactions
B.short-term securities
C.disintermediation
D.financial dissemination
A.Federal Reserve notes
B.Negotiable bank CDs
C.Preferred stocks
D.Common stocks
A.are issued by state and local governments
B.pay interest that is exempt from federal income taxation
C.pay interest that is exempt from state income taxation for holders who are residents of that state
D.are either backed by the general taxing power of the issuing municipality or by the capacity of specific projects to generate future revenues
E.all of the above
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