________ is the corporation's promise to repay the holder a fixed sum of money on the designated maturity date plus pay the lender periodic interest until that date
a. A mutual fund
b. A corporate stock
c. A bond
d. An annuity
c
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It is possible for a market for a good to experience a surplus and a shortage at the same time
Indicate whether the statement is true or false
In 1862, the Homestead Act made land available to farmers at zero cost. Yet many farmers preferred to purchase land along the rail line from the railroad. The farmers
a. were duped by the railroads. b. knew the soil was better near the railroads. c. realized that crops would be less costly to grow and transport on land near the railroads. d. were exploited by the railroads.
If a government started with a budget deficit and moved to a surplus, domestic investment
a. and the real exchange rate would rise. b. and the real exchange rate would fall. c. would rise and the real exchange rate would fall. d. would fall and the real exchange rate would rise.
Following adjustments to a new equilibrium in a market, the market clearing price remains unchanged, but the equilibrium quantity is now lower. Which of the following could definitely have caused this outcome?
A. Demand and supply both decreased. B. Demand increased, and supply decreased. C. Demand decreased, and supply increased. D. Demand and supply both increased.