113. One In the News article in the text titled “The Real Ma…

113. One In the News article in the text titled “The Real March Madness: Ticket Prices ” described how professional scalpers use the Internet to sell hard-to-get tickets to concerts and sporting events. When scalpers resell tickets at prices closer to equilibrium,              

Various financial instruments usually serve one of two disti…

Various financial instruments usually serve one of two distinct purposes: to store value or to transfer risk. Name a financial instrument used for each purpose. A _______________ is a financial instrument that stores value, while ________________  is a financial instrument that transfers risk.

For the following instruments below, use the criteria for va…

For the following instruments below, use the criteria for valuing a financial instrument to choose the one with the highest value: a. A U.S. government Treasury bill that pays $5,000 in three months or commercial paper issued by a private corporation that pays $5,000 in three months. The _________________ is more valuable because the payment is ____________ likely to be made.