19. A legally enforced part of a loan contract that requires the borrower to act

Question

19. A legally enforced part of a loan contract that requires the borrower to act in the borrowed funds for a particular purpose is known as certain way or to use a. collateral b. a net worth requirement C a covenant d. a binding restriction 20. Suppose a banking market has market shares of 42%, 33%, and 25%. Calculate the HHI a. 100 b. 1356 C. 3478 d.4320 21. A banking market with 6 banks of equal size would have an HHI equal to a. 278 b.556 d 1667 22, Gary has SS000 in cash. He deposits S1000 in his checking account, buys SS00 of travelers checks, puts $ 1500 in his money-market mutual fund, and buys a $2000 CD. The effect on M2 is an increase of $3500. a. True b. False 23. An investor who has a tax rate of 40% and expects to earn a return of 6% before taxes has an after- tax rate expected return of 2.6%. a. True b. Fase 24. A $100 bill represents inside money a. True b. False 25. A travelers check represents inside money " True b. Fase 26. The idea that stock prices fully reflect all available information is called a. asymmetric information b.an anomaly c. adverse selection d. the efficient market hypothesis

Explanation / Answer

Please post 1 question per post as per forum rules. Here' answer to Q20, with formulae:

Herfindahl-Hirschman Index (HHI) = s1^2 + s2^2 + s3^2 + ... + sn^2 (where s is the market share of the each firm expressed as a whole number, not a decimal)
= 42^2 + 33^2 + 25^2
= 3478

c. is the right answer.

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