CHAPTER 1: THE INVESTMENT ENVIRONMENT
CHAPTER 1: THE INVESTMENT ENVIRONMENT
CCHHAAPPTTEERR 11:: TTHHEE IINNVVEESSTTMMEENNTT EENNVVIIRROONNMMEENNTT
1. a. Cashisafinancialassetbecauseitistheliabilityofthefederalgovernment.
b. No. Thecashdoes notdirectlyadd totheproductivecapacityoftheeconomy.
c. Yes.
d. If theeconomyisalready operatingatfullcapacity, and you nowcommand
theadditionalpurchasing powerprovidedbythe$10billion,thenyour
increased abilitytopurchas
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