QUESTION: 249

Which of the following is NOT an example of a financial intermediary?

International Business Machines, Inc. (IBM)
Vanguard Mutual Fund
El Dorado Savings and Loan Association
Bank of America

Answer(s): A

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QUESTION: 250

How are funds allocated efficiently in a market economy?

The most powerful economic unit receives the funds
The economic unit that is willing to pay the highest expected return receives the funds
The economic unit that considers itself most in need of funds receives them
Receipt of the funds is rotated so that each economic unit can receive them in turn

Answer(s): B

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Assume that a "temporary" additional (US federal tax related) first-year bonus depreciation of 50 percent applies to a new, $100, 000 piece of equipment purchased by Bellman’s Chocolatier, Inc. The asset has a $10, 000 estimated final salvage value. If this asset is fully depreciated for tax purposes over its useful life, the overall amount that Bellman’s will have depreciated for tax purposes is .