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Assets equal

​Since M‑2 excludes time deposits, M-2 is a less comprehensive measure of the money supply than M‑1.

M‑1 includes savings accounts in commercial banks.​

A decrease in the cost of an investment will increase its net present value.​

Equipment trust certificates issued by a firm should be safer than its debentures.​

Equipment trust certificates issued by a firm should be safer than its debentures.​

A stock dividend has no impact on a firm’s liabilities or the price of its stock.​

A firm will prefer to issue preferred stock rather than debt because the dividend is tax deductible.

The present value of an annuity is worth more if interest rates are 5% instead of 10%.​

​The future value of a dollar 1. increases with lower interest rates 2. increases with higher interest rates 3. increases with longer periods of time 4. decreases with longer periods of time