A bond buyer is a

a. saver. Bond buyers must hold their bonds until maturity.
b. saver. Bond buyers may sell their bonds prior to maturity.
c. borrower. Bond buyers must hold their bonds until maturity.
d. borrower. Bond buyers may sell their bonds prior to maturity.


b

Economics

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Which of the following markets is likely to be perfectly competitive?

A) The market for patented nuclear medicines B) The market for wheat C) The market for smart phones D) The market for shower gel

Economics

The production possibilities frontier represents all desirable combinations of two goods

a. True b. False

Economics

If the price elasticity of demand for Harley-Davidson motorcycles is -1.2 and quantity demanded increases by 24%, price must have

A. decreased by 0.05%. B. decreased by 28.8%. C. decreased by 20%. D. increased by 20%.

Economics

Property rights for fish from the open ocean:

A. do not exist. B. are established by the United Nations. C. exist once the fish are sold at market. D. exist once the fish are caught.

Economics