Microeconomics

1 Credit unions are a banks that give large amounts of commercial loans b banks that hold stocks as

Question

1.Credit unions are:

a.banks that give large amounts of commercial loans.

b.banks that hold stocks as

part of their asset portfolio.

c.issuers of checkable deposits.

d.all of the above.

e.none of the above.

2.The true measure of the annual interest rate on a bond, calculated by equating the current bond price with the present value of all future payments, is called the

a. current yield.
Microeconomics

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