The coupon rate is the:
A. interest rate promised when a bond is issued.
B. regular payment of interest to a bondholder.
C. maximum interest rate that can be paid on a bond.
D. amount originally lent.
Answer: A
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In an open economy including the government, planned expenditures equals
A) C + I + G + X + M. B) C + I + G. C) C + I + G - X + M. D) C + I + G + X - M.
From the banker's perspective, dollars held as required reserves in bank vaults
A) earn a low rate of interest. B) earn no rate of interest. C) earn a market rate of interest. D) earn profits.
"The marginal utility received from each additional unit of a good consumed declines, other things constant." This is a statement of the law of
a. increasing marginal returns b. marginal rate of substitution c. supply d. diminishing marginal utility e. demand
In reality, overall growth and income for the poorest are:
A. highly positively correlated, but not perfectly. B. uncorrelated. C. highly negatively correlated, but not perfectly. D. slightly positively correlated.