Answer:
D
Explanation:
Pure competition means *many* companies/people are going at it for the same/identical thing. C would have been a good answer if it wasn't only two companies.
Answer:
c. The maturity risk premium is zero.
Explanation:
Pure expectation theory states that the forward rate will represent expected future rate. Term structure is said to be a reflection of what the market expects future short term rates to be.
As future rates are expected to be the same as spot rates for that date, the theory is only applicable when there is no risk premium. That is the maturity risk premium is zero.
Answer:
Norm.
Explanation:
Standardized tests require establishing a norm, or average score, made by a large group of people. The result of a standardized test is usually consistent, accurate and has precision.
The opera as a form of entertainment was largely limited to people with high incomes.
Opera originated in Italy at the end of the 16th century and it is a form of theatre in which music has a leading role and the parts are taken by singers. The audience wer weatlhy people from the high society.
