______ connect buyers to sellers who are present at the same time but in different places.

• A.Brokers.
• B.Dealers.
• C.Arbitrageurs.

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Which of the following would be recorded as a credit in the U.S. balance of payments accounts?

• A.the purchase of a German business by a U.S. investor.
• B.European travel expenditures of an American college student.
• C.the purchase of a U.S. Treasury bond by a French investment company.

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The main difference between the t and z statistic is that the t statistic

• A.is not normally distributed like the z statistic.
• B.is more variable than the z statistic.
• C.is less variable than the z statistic.

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Which of the following statements is false with respect to the price volatility of a bond arising out of changes in the yield curve?

• A.Government bonds will always be less volatile than corporate bonds.
• B.Higher coupon paying bonds will always be less volatile than low coupon paying bonds, holding everything else constant.
• C.For a one basis point change in yields, a bond will be less volatile at higher levels of yield than it would be at lower levels of yield.

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For the year just ended, James' Drafting Supplies had average accounts receivable of $880,000 from total credit sales of $4,800,000 for the year. Throughout the year, a factor purchased accounts receivable from the firm at a 2 percent discount. What was the firm's accounts receivable period?

• A.67 days.
• B.71 days.
• C.75 days.

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