As the price of an existing bond increases,
A. The current yield decreases.
B. There is increased risk that the U.S. Treasury will default on the bond.
C. The coupon rate decreases.
D. The par value decreases.
Answer: A
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Refer to Common Property I. Suppose the common property becomes privately owned. The owner behaves competitively and charges people an entrance fee for the right to use the property. The fee will be
The following questions refer to the accompanying diagram, which shows the benefits and costs associated with the use of a common property.
a. P1.
b. P2.
c. P2 - P1.
d. zero.
Sustained downward movements in the business cycle are referred to as
A) inflation. B) recessions. C) economic recoveries. D) expansions.
The majority of U.S. imports and exports involve:
A speculative attack is the result of investors' expectations that the future value of a currency will decline.
Indicate whether the statement is true or false