John contracts with kelly to buy a certain number of cattle for kelly's circle k ranch. john makes a deal with lawson, the owner of a local herd, and makes a down payment. kelly fails to pay the rest of the price. lawson sues john for breach of contract. john's right to hold kelly liable for any damages that he has to pay is the right of

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

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