The purpose is to elect political candidates or to advance the outcome of a political issue. They raise and spend money to elect or defeat candidates.
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.
The exchange rate expresses <span>the value of one nation’s currency in terms of another nation’s currency.
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Answer:
- "I think I need a personal property floater"
Explanation:
As per the given description, the most appropriate description that the woman could give to her insurance agent would be conveying that she needs a personal property floater. A personal property floater is exemplified as the distinct additional insurance policy that assures to ensure a specific valuable item and cover its any kind of loss like stealing, or damage. Therefore, the woman requires a 'personal property floater' as wishes to ensure her specific item of value i.e. 'her expensive jewelry'.