Please answer the following questions: When credit becomes more costly and less available, total spending for...

Please answer the following questions:

When credit becomes more costly and less available, total spending for goods and services generally rise.

True

False
If prevailing interest rates, in the secondary markets. increase, the resale value of a fixed income contract (bond) decreases and vice versa.

True

False
The taxing and spending policies of the Federal Government designed to promote national ecomomic goals are known as "fiscal policy."

True

False
Most states exempt their own municipal securities from their own state and local taxes.

True

False
Insurance is the business of risk shifting.

True

False
Firm commitment underwriting is performed by an investment bank that has guaranteed the issuer a sum of money that will be raised by an Initial Public Offering

True

False

Expert Solution

jeff jeffy answered 9 months ago

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