When an investor buys a corporate bond, the ________ is a loan to the corporation
A) interest on the bond
B) principal of the bond
C) bond's dividend payments
D) coupon payment
Answer: B
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The ________ is the European Union's ultimate decision-making body and is composed of the different ministers of the member countries.
A) European Commission B) Council of the European Union C) European Parliament D) European Court of Justice
Figure 18-2
illustrates supply and demand for U.S. dollars and British pounds in the foreign exchange market. Which of the following would cause the demand for foreign exchange (pounds) to shift from D1 to D2?
a.
an increase in the real interest rate in Britain relative to the United States
b.
higher inflation in Britain than in the United States
c.
higher income growth in Britain than in the United States
d.
an increase in the number of British citizens vacationing in the United States
During a severe and persistent recession, Keynesians would most likely propose
A. a tight money policy. B. annually balanced federal budgets. C. macroeconomic stabilization. D. tax increases.
How has the distribution of money income changed over time?
What will be an ideal response?