The yield on a bond is the
A) annual coupon payment divided by the price paid for the bond.
B) coupon rate divided by the price paid for the bond.
C) annual coupon payment divided by the face value of the bond.
D) same as the interest rate on the bond.
E) a and d
E
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Which of the following generally becomes positive when the value of U.S. exports exceeds the value of U.S. imports?
A) capital and financial account B) the balance of payments account C) current account D) the official settlements account E) the exchange rate
In the simple Keynesian model of the determination of income, planned investment is
A) an endogenous parameter. B) autonomous and thus an exogenous parameter. C) explained by the model of income determination. D) None of the above.
Which of the following has been found to be most effective in improving the quality of education?
A. Forcing students to study longer at home B. Distributing textbooks C. Providing parents with information about the quality of the children's schools D. Training women in the community to offer supplemental lessons
According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit. As long as counterfeit U.S. currency remains undetected and in circulation, an increase in the U.S. inflation rate would essentially:
A. decrease the real value of the counterfeit currency. B. increase the real value of the counterfeit currency. C. decrease the nominal value of the counterfeit currency. D. increase the nominal value of the counterfeit currency.