The single price auction method used by the U.S. Treasury is a variation of

• A.English Auction.
• B.American Auction.
• C.Dutch Auction.

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Callable common shares ______ at a pre-specified price.

• A.give investors the option to buy shares from the issuing company.
• B.give the issuing company the option to back its shares from its shareholders.
• C.give investors the option to buy shares from other investors.

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If the price elasticity of demand is unit then a fall in price:

• A.Reduces revenue.
• B.Leaves revenue unchanged.
• C.Increases revenue.

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ALL of the following are requirements of an efficient market EXCEPT
I). continuous analysis.
II). predictable arrival of news and information.
III). swift price adjustment to new information.
IV). low barriers to transactions and arbitrage.

• A.I and II.
• B.II only.
• C.III and IV.

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For an upcoming sight-seeing visit to India, a U.S. resident recently purchased a hundred thousand
Indian Rupees. His action

• A.created a credit balance in the U.S. BOP account.
• B.created a debit balance in the U.S. BOP account.
• C.created a deficit in the U.S. trade account.

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