Which of the Following Is NOT Considered a Source of Short-Term

question 53

Multiple Choice

Which of the following is NOT considered a source of short-term financing?

• A)a 10-year bond
• B)a banker's acceptance
• C)a 90-day bank loan
• D)an issue of commercial paper

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Definitions:

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies of governments.

Classical Economists

Early economists, such as Adam Smith and David Ricardo, who focused on the role of free markets in promoting economic growth and efficiency.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.

Interest Rates

The cost of borrowing money expressed as a percentage of the principal, or the rate earned by savings and investments.