A bond issued by a local government to build a convention center that is to be financed by fees charged to users is an example of
A) commercial paper.
B) a general obligation bond.
C) a collateralized bond.
D) a revenue bond.
D
You might also like to view...
A nation practicing mercantilism aims to
a. keep the government out of the economy. b. establish an excess of exports over imports. c. balance imports with exports. d. replace gold and silver with paper money. e. reduce the size of the military sector.
What are the advantages of a fractional reserve banking system compared to a system that requires 100 percent of deposits to be kept on reserve?
According to the No Marginal Improvement Principle, if X* is the best choice then at X* it must always be true that:
A. either MB = MC or the activity X is not finely divisible. B. either MB ? MC or the activity X is not finely divisible. C. either MB < MC or MB > MC. D. MB = MC.
Have the growth rates of the two measures of money moved together over time? Explain.
What will be an ideal response?