In Japan in 1998 and in the U

question 73

Multiple Choice

In Japan in 1998 and in the U.S.in 2008,interest rates were negative for a short period of time because investors found it convenient to hold six-month bills as a store of value because

• A) of the high inflation rate.
• B) these bills sold at a discount from face value.
• C) the bills were denominated in small amounts and could be stored electronically.
• D) the bills were denominated in large amounts and could be stored electronically.

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Definitions:

Granted

Acknowledgment that something is provided or allowed, often officially or formally.

Compulsory Licence

A license granted to a third-party by the government to use a patented invention without the consent of the patent holder.

Royalty Fee

A payment made to an owner for the use of their property, typically intellectual property or natural resources.

Distinctive Guise

A unique appearance of a product or packaging that signifies exclusive source, identity or origin, typically relevant in trademark law.